Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) Target Price at $39.67

Shares of Equitable Holdings, Inc. (NYSE:EQH) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.67.

Several research firms have recently weighed in on EQH. Jefferies Financial Group upped their price objective on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley increased their price target on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Wells Fargo & Company increased their price target on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price target on Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and increased their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd.

Equitable Price Performance

EQH stock opened at $36.89 on Tuesday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. The business has a 50-day moving average of $35.90 and a 200-day moving average of $32.62. Equitable has a fifty-two week low of $21.89 and a fifty-two week high of $38.44.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. Equities analysts expect that Equitable will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were paid a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.39%. Equitable’s dividend payout ratio is 26.04%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the sale, the chief executive officer now owns 619,625 shares in the company, valued at $20,063,457.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mark Pearson sold 60,000 shares of Equitable stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now directly owns 619,625 shares of the company’s stock, valued at approximately $20,063,457.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total value of $680,400.00. Following the sale, the insider now directly owns 144,132 shares of the company’s stock, valued at $4,903,370.64. The disclosure for this sale can be found here. Insiders have sold 241,907 shares of company stock worth $8,338,649 over the last 90 days. Company insiders own 1.02% of the company’s stock.

Institutional Trading of Equitable

Several hedge funds have recently added to or reduced their stakes in EQH. CWM LLC lifted its holdings in Equitable by 23.6% during the 3rd quarter. CWM LLC now owns 2,647 shares of the company’s stock worth $75,000 after purchasing an additional 506 shares during the last quarter. SG Americas Securities LLC raised its holdings in Equitable by 348.3% in the 3rd quarter. SG Americas Securities LLC now owns 135,392 shares of the company’s stock valued at $3,844,000 after acquiring an additional 105,194 shares in the last quarter. BTC Capital Management Inc. raised its holdings in Equitable by 2.1% in the 3rd quarter. BTC Capital Management Inc. now owns 76,871 shares of the company’s stock valued at $2,182,000 after acquiring an additional 1,562 shares in the last quarter. UMB Bank n.a. raised its holdings in Equitable by 128.3% in the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock valued at $52,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Equitable by 0.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,097 shares of the company’s stock valued at $2,416,000 after acquiring an additional 700 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

About Equitable

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.