Equitable Holdings, Inc. (NYSE:EQH) Receives $64.45 Consensus PT from Brokerages

Equitable Holdings, Inc. (NYSE:EQH) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $64.4545.

EQH has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Barclays reissued an “overweight” rating and set a $63.00 price target on shares of Equitable in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target on Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, October 9th.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $48.17, for a total value of $1,912,349.00. Following the transaction, the chief executive officer directly owned 689,040 shares of the company’s stock, valued at approximately $33,191,056.80. This trade represents a 5.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bertram L. Scott sold 2,600 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares in the company, valued at approximately $1,348,411.86. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,958 shares of company stock valued at $9,362,262 in the last 90 days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equitable

A number of institutional investors have recently bought and sold shares of EQH. GAMMA Investing LLC raised its holdings in Equitable by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 10,371 shares of the company’s stock worth $540,000 after purchasing an additional 1,961 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Equitable by 26.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,841 shares of the company’s stock worth $1,815,000 after buying an additional 7,240 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Equitable in the 1st quarter worth $252,000. Asset Management One Co. Ltd. increased its stake in Equitable by 15.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company’s stock worth $8,047,000 after buying an additional 20,317 shares in the last quarter. Finally, PDS Planning Inc purchased a new stake in Equitable in the 1st quarter worth $230,000. 92.70% of the stock is owned by institutional investors.

Equitable Stock Up 0.1%

EQH stock opened at $48.95 on Friday. The business has a fifty day moving average price of $51.61 and a 200-day moving average price of $51.97. The stock has a market capitalization of $14.66 billion, a P/E ratio of 39.48 and a beta of 1.10. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. Equitable has a 1-year low of $41.39 and a 1-year high of $56.61.

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.