Equitable (NYSE:EQH) Sets New 1-Year High – What’s Next?

Shares of Equitable Holdings, Inc. (NYSE:EQH) reached a new 52-week high on Tuesday . The company traded as high as $44.59 and last traded at $44.49, with a volume of 486507 shares traded. The stock had previously closed at $44.00.

Analyst Ratings Changes

Several research firms recently issued reports on EQH. JPMorgan Chase & Co. upped their price target on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. UBS Group lowered shares of Equitable from a “buy” rating to a “neutral” rating and boosted their target price for the company from $40.00 to $43.00 in a research note on Tuesday, June 18th. Jefferies Financial Group upped their target price on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Truist Financial raised their price target on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays upped their price objective on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Trading Up 0.2 %

The firm has a market capitalization of $14.34 billion, a P/E ratio of 13.62 and a beta of 1.41. The business’s 50 day moving average is $41.07 and its two-hundred day moving average is $40.31. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. Equitable’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. Analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared 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. This represents a $0.96 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,500 shares of company stock valued at $2,637,870. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in Equitable in the 1st quarter worth about $28,000. LRI Investments LLC purchased a new position in shares of Equitable in the first quarter worth approximately $45,000. Rise Advisors LLC raised its holdings in shares of Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock valued at $65,000 after acquiring an additional 1,592 shares during the period. UMB Bank n.a. lifted its position in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock valued at $65,000 after acquiring an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Equitable by 26.4% in the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock worth $74,000 after purchasing an additional 405 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.