Equitable Holdings, Inc. (NYSE:EQH) Given Average Recommendation of “Moderate Buy” by Brokerages

Equitable Holdings, Inc. (NYSE:EQH) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $48.70.

Several brokerages have recently weighed in on EQH. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays increased their price target on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Citigroup increased their price target on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial increased their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th.

Equitable Stock Down 0.4 %

Shares of NYSE EQH opened at $47.44 on Friday. Equitable has a 12-month low of $27.74 and a 12-month high of $50.51. The company has a market cap of $14.86 billion, a P/E ratio of -43.52 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a fifty day moving average price of $43.97 and a 200 day moving average price of $41.81.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm earned $1.15 EPS. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. Research analysts anticipate that Equitable will post 6.03 EPS for the current fiscal year.

Insider Activity

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. The trade was a 4.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,166 shares of company stock valued at $4,286,705. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC acquired a new stake in shares of Equitable during the 1st quarter valued at $212,000. GSA Capital Partners LLP bought a new position in Equitable in the 1st quarter worth $542,000. SG Americas Securities LLC raised its holdings in Equitable by 672.4% in the 1st quarter. SG Americas Securities LLC now owns 72,390 shares of the company’s stock worth $2,752,000 after acquiring an additional 63,018 shares during the period. Russell Investments Group Ltd. raised its holdings in Equitable by 2.1% in the 1st quarter. Russell Investments Group Ltd. now owns 516,764 shares of the company’s stock worth $19,639,000 after acquiring an additional 10,733 shares during the period. Finally, US Bancorp DE raised its holdings in Equitable by 4.4% in the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock worth $383,000 after acquiring an additional 423 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.