Equitable Holdings, Inc. (NYSE:EQH) Stock Rated “Moderate Buy” by Wall Street Brokerages

Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $63.18.

A number of brokerages have issued reports on EQH. Jefferies Financial Group increased their target price on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial restated a “strong-buy” rating and set a $65.00 target price on shares of Equitable in a research report on Friday, October 9th. Evercore reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Equitable in a research note on Thursday, August 20th. Mizuho reduced their price objective on Equitable from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Finally, Barclays upped their target price on shares of Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th.

View Our Latest Research Report on EQH

Insider Transactions at Equitable

In related news, Director Bertram Scott sold 2,780 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $54.35, for a total transaction of $151,093.00. Following the completion of the transaction, the director owned 23,685 shares of the company’s stock, valued at approximately $1,287,279.75. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 14,923 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $53.24, for a total value of $794,500.52. Following the completion of the transaction, the insider directly owned 110,007 shares in the company, valued at $5,856,772.68. This trade represents a 11.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 72,516 shares of company stock valued at $3,658,629 in the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Trading of Equitable

A number of hedge funds have recently made changes to their positions in EQH. BlackRock Inc. acquired a new position in Equitable in the second quarter worth $1,136,305,000. Canada Pension Plan Investment Board acquired a new stake in shares of Equitable in the second quarter valued at approximately $399,576,000. Pzena Investment Management LLC acquired a new position in Equitable during the 2nd quarter worth $244,052,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Equitable during the second quarter valued at $208,146,000. Finally, Conifer Management L.L.C. bought a new position in Equitable in the second quarter valued at about $184,296,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 0.6%

Equitable stock opened at $52.82 on Friday. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of -15.96, a PEG ratio of 0.52 and a beta of 1.10. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The stock has a 50 day moving average of $52.11 and a two-hundred day moving average of $46.42. Equitable has a twelve month low of $35.19 and a twelve month high of $55.22.

Equitable (NYSE:EQH – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. Equitable’s quarterly revenue was down 29.8% on a year-over-year basis. As a group, research analysts expect that Equitable will post 7.20 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Equitable’s dividend payout ratio (DPR) is currently -36.25%.

About Equitable

(Get Free Report)

Equitable Holdings, Inc is a financial services company that provides retirement, protection and investment management solutions to individuals, businesses and institutions. Its businesses operate primarily in the United States and serve clients through financial professionals, employer-sponsored retirement plans and institutional relationships.

Through its Equitable business, the company offers life insurance, annuities, individual retirement products and employee benefits. Its offerings are designed to help customers accumulate and protect assets, generate retirement income and address long-term financial planning needs.

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Analyst Recommendations for Equitable (NYSE:EQH)

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