Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) has been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $63.33.
A number of analysts recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 target price on shares of Equitable in a research report on Friday, October 9th. Weiss Ratings upgraded Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Truist Financial raised their price objective on Equitable from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their price objective on Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 12th.
Check Out Our Latest Stock Report on EQH
Equitable Price Performance
Shares of NYSE EQH opened at $55.59 on Wednesday. The firm’s 50-day moving average price is $53.39 and its 200-day moving average price is $46.19. Equitable has a 1-year low of $35.19 and a 1-year high of $56.83. The firm has a market capitalization of $14.82 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.54 and a beta of 1.06. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75.
Equitable (NYSE:EQH – Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.27. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The business’s revenue was up 167.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. Equities research analysts anticipate that Equitable will post 7.20 earnings per share for the current fiscal year.
Equitable Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.20 annualized dividend and a yield of 2.2%. Equitable’s dividend payout ratio (DPR) is presently 23.03%.
Insider Buying and Selling at Equitable
In other Equitable news, Director Bertram L. Scott sold 2,780 shares of the company’s stock in a transaction 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 transaction, the director owned 23,685 shares in the company, valued at approximately $1,287,279.75. This represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 14,923 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $53.24, for a total transaction 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,703 shares of company stock worth $1,106,964. 1.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Equitable
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Equitable in the 3rd quarter worth about $32,000. Root Financial Partners LLC bought a new position in Equitable in the 3rd quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Equitable during the 2nd quarter valued at about $33,000. Essential Partners LLC boosted its stake in Equitable by 245.2% during the 1st quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock valued at $40,000 after purchasing an additional 770 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in Equitable during the 2nd quarter valued at about $55,000. 92.70% of the stock is owned by institutional investors.
About Equitable
Equitable Holdings, Inc. is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions. The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.
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