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

Equitable Holdings, Inc. (NYSE:EQH) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $44.18.

Several research firms recently commented on EQH. Evercore ISI increased their target price on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Jefferies Financial Group increased their target price on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Truist Financial increased their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company reduced their target price on shares of Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, May 10th.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $39.62, for a total transaction of $394,971.78. Following the sale, the chief operating officer now owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Equitable by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after acquiring an additional 446,752 shares during the period. New York State Teachers Retirement System purchased a new position in Equitable during the 4th quarter valued at about $4,425,000. Intech Investment Management LLC lifted its position in Equitable by 60.9% during the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after acquiring an additional 38,040 shares during the period. Louisiana State Employees Retirement System purchased a new position in Equitable during the 4th quarter valued at about $2,977,000. Finally, Yousif Capital Management LLC lifted its position in Equitable by 1,739.8% during the 4th quarter. Yousif Capital Management LLC now owns 153,314 shares of the company’s stock valued at $5,105,000 after acquiring an additional 144,981 shares during the period. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Performance

Equitable stock opened at $37.05 on Thursday. The firm’s fifty day moving average price is $41.18 and its 200-day moving average price is $37.94. The stock has a market cap of $12.05 billion, a P/E ratio of 11.47 and a beta of 1.43. Equitable has a fifty-two week low of $24.65 and a fifty-two week high of $44.50.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.71 billion. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. On average, analysts predict that Equitable will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, August 6th. Equitable’s payout ratio is 29.72%.

About Equitable

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.