Analysts Set Equitable Holdings, Inc. (NYSE:EQH) PT at $46.64

Equitable Holdings, Inc. (NYSE:EQH) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.64.

A number of research analysts have issued reports on the stock. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods increased their price objective on Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Wells Fargo & Company cut their target price on Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. UBS Group cut Equitable from a “buy” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, June 18th. Finally, Morgan Stanley cut their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th.

Equitable Stock Down 0.2 %

Shares of Equitable stock opened at $42.21 on Friday. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 13.07 and a beta of 1.42. Equitable has a twelve month low of $24.65 and a twelve month high of $44.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06. The business’s 50 day simple moving average is $40.87 and its 200-day simple moving average is $39.68.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. Equities research analysts forecast that Equitable will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the sale, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at $28,635,021. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the sale, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The disclosure for this sale can be found here. Insiders sold a total of 73,469 shares of company stock valued at $3,067,434 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Equitable

Several institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Equitable by 6.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,700 shares of the company’s stock worth $8,732,000 after acquiring an additional 13,700 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Equitable during the 2nd quarter worth about $162,000. Sanctuary Advisors LLC acquired a new stake in shares of Equitable during the 2nd quarter valued at about $444,000. Cetera Investment Advisers grew its stake in shares of Equitable by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 23,832 shares of the company’s stock valued at $974,000 after buying an additional 3,860 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in Equitable by 32.3% in the second quarter. Truist Financial Corp now owns 8,929 shares of the company’s stock worth $365,000 after buying an additional 2,180 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.