Mizuho Issues Positive Forecast for Equitable (NYSE:EQH) Stock Price

Equitable (NYSE:EQHFree Report) had its target price boosted by Mizuho from $61.00 to $62.00 in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Several other analysts have also recently weighed in on EQH. Wells Fargo & Company lifted their price target on Equitable from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. UBS Group upped their price objective on Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Equitable in a research report on Friday, May 29th. Raymond James Financial set a $58.00 target price on Equitable and gave the stock a “strong-buy” rating in a report on Thursday, April 16th. Finally, Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.

View Our Latest Analysis on EQH

Equitable Price Performance

Shares of EQH opened at $46.67 on Thursday. The company’s 50-day moving average is $43.18 and its 200-day moving average is $42.93. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $12.74 billion, a PE ratio of -16.43, a PEG ratio of 0.50 and a beta of 1.10. Equitable has a fifty-two week low of $35.19 and a fifty-two week high of $55.24.

Equitable (NYSE:EQHGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.02. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. Equities analysts forecast that Equitable will post 7.07 EPS for the current 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase 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 (DPR) is currently -42.25%.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.28, for a total transaction of $1,797,616.00. Following the sale, the chief executive officer directly owned 765,903 shares of the company’s stock, valued at $34,680,087.84. The trade was a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nick Lane sold 4,417 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.45, for a total transaction of $187,501.65. Following the transaction, the insider directly owned 124,218 shares of the company’s stock, valued at $5,273,054.10. The trade was a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 154,248 shares of company stock valued at $6,608,358. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Equitable by 13.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 311,976 shares of the company’s stock valued at $14,965,000 after buying an additional 36,135 shares during the last quarter. Prana Capital Management LP grew its holdings in Equitable by 80.7% during the third quarter. Prana Capital Management LP now owns 209,769 shares of the company’s stock valued at $10,652,000 after purchasing an additional 93,660 shares during the period. Advent International L.P. purchased a new stake in shares of Equitable during the 3rd quarter valued at approximately $26,893,000. Barclays PLC boosted its stake in Equitable by 25.1% in the 3rd quarter. Barclays PLC now owns 532,833 shares of the company’s stock worth $27,057,000 after purchasing an additional 106,967 shares during the period. Finally, EFG Asset Management Americas Corp. bought a new position in Equitable in the 3rd quarter valued at $1,810,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

More Equitable News

Here are the key news stories impacting Equitable this week:

About Equitable

(Get Free Report)

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.

See Also

Analyst Recommendations for Equitable (NYSE:EQH)

Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.