Shares of Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $58.6364.
Several research firms recently issued reports on EQH. Barclays upped their price target on Equitable from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Mizuho lifted their price objective on shares of Equitable from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. UBS Group increased their target price on shares of Equitable from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial set a $58.00 price target on shares of Equitable and gave the company a “strong-buy” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Equitable from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th.
Check Out Our Latest Analysis on Equitable
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EQH. Norges Bank bought a new position in Equitable in the 4th quarter worth about $550,995,000. Capital International Investors boosted its position in shares of Equitable by 49.5% during the third quarter. Capital International Investors now owns 11,012,837 shares of the company’s stock worth $559,232,000 after buying an additional 3,645,301 shares during the period. Bank of Montreal Can grew its holdings in Equitable by 7,955.4% in the 4th quarter. Bank of Montreal Can now owns 2,424,823 shares of the company’s stock worth $116,585,000 after buying an additional 2,394,721 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Equitable by 114.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 4,294,644 shares of the company’s stock valued at $204,640,000 after acquiring an additional 2,294,902 shares during the period. Finally, London Co. of Virginia increased its position in Equitable by 4,141.8% in the 3rd quarter. London Co. of Virginia now owns 1,235,243 shares of the company’s stock valued at $62,726,000 after acquiring an additional 1,206,122 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.
Equitable Stock Performance
Shares of EQH stock opened at $43.55 on Friday. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of -15.33, a PEG ratio of 0.46 and a beta of 1.10. Equitable has a one year low of $35.19 and a one year high of $56.61. The company’s 50-day simple moving average is $41.09 and its 200-day simple moving average is $43.19. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.11 and a current ratio of 0.11.
Equitable (NYSE:EQH – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.02. Equitable had a positive return on equity of 232.29% and a negative net margin of 7.26%.The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Equitable’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts anticipate that Equitable will post 7.07 earnings per share for the current fiscal year.
Equitable Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. This is a boost from Equitable’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, June 1st. Equitable’s dividend payout ratio is currently -42.25%.
Equitable Company Profile
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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