Equitable (NYSE:EQH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Equitable (NYSE:EQH) had its target price increased by research analysts at Keefe, Bruyette & Woods from $61.00 to $63.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 22.72% from the company’s previous close.

EQH has been the subject of several other research reports. UBS Group raised Equitable from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Evercore ISI decreased their price target on shares of Equitable from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Equitable from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on Equitable from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $61.08.

Equitable Stock Performance

Shares of EQH opened at $51.34 on Wednesday. The firm has a market capitalization of $15.60 billion, a PE ratio of 13.44 and a beta of 1.15. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a 50-day moving average price of $49.85 and a 200 day moving average price of $49.64. Equitable has a 52-week low of $36.46 and a 52-week high of $56.00.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The company’s revenue was up 105.2% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. On average, sell-side analysts anticipate that Equitable will post 7.33 earnings per share for the current fiscal year.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at approximately $38,534,018.96. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,332 shares of company stock valued at $4,141,315 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Equitable

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after acquiring an additional 352 shares during the last quarter. MV Capital Management Inc. bought a new stake in Equitable in the first quarter worth $26,000. Bessemer Group Inc. increased its position in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the last quarter. Assetmark Inc. raised its holdings in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after buying an additional 199 shares in the last quarter. Finally, Mizuho Bank Ltd. lifted its holdings in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.