Equitable Holdings, Inc. (NYSE:EQH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Equitable Holdings, Inc. (NYSE:EQH) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.67.

Several brokerages recently issued reports on EQH. Jefferies Financial Group lifted their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company lifted their target price on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group lifted their target price on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut Equitable from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Finally, Morgan Stanley boosted their price objective on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 60,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the sale, the chief executive officer now directly owns 619,625 shares in the company, valued at $20,063,457.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Equitable news, Director Bertram L. Scott sold 7,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the sale, the director now directly owns 20,902 shares in the company, valued at $737,631.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Pearson sold 60,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total value of $1,942,800.00. Following the completion of the sale, the chief executive officer now owns 619,625 shares in the company, valued at $20,063,457.50. The disclosure for this sale can be found here. Insiders have sold a total of 241,907 shares of company stock worth $8,338,649 over the last ninety days. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Equitable

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC raised its stake in shares of Equitable by 265.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after purchasing an additional 50,460 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Equitable by 9.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 9,161 shares of the company’s stock valued at $348,000 after purchasing an additional 788 shares during the period. Norden Group LLC bought a new stake in shares of Equitable during the 1st quarter valued at $212,000. State of Michigan Retirement System raised its stake in shares of Equitable by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 84,486 shares of the company’s stock valued at $3,211,000 after purchasing an additional 800 shares during the period. Finally, Tributary Capital Management LLC raised its stake in shares of Equitable by 40.0% during the 1st quarter. Tributary Capital Management LLC now owns 10,500 shares of the company’s stock valued at $399,000 after purchasing an additional 3,000 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Up 1.3 %

NYSE EQH opened at $37.03 on Tuesday. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 10.96 and a beta of 1.42. Equitable has a 52 week low of $21.89 and a 52 week high of $38.44. The business has a 50 day moving average price of $35.63 and a 200-day moving average price of $32.41.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.50 billion. On average, equities research analysts anticipate that Equitable will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.38%. Equitable’s dividend payout ratio is currently 26.04%.

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.