Equitable (NYSE:EQH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Equitable (NYSE:EQH) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $58.00 to $62.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.31% from the company’s current price.

Several other equities analysts also recently commented on EQH. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Truist Financial upped their price objective on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.67.

Equitable Price Performance

NYSE:EQH opened at $53.77 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The company has a 50-day moving average of $49.76 and a 200-day moving average of $45.59. Equitable has a 52 week low of $32.72 and a 52 week high of $54.82. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 14.08 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, equities research analysts anticipate that Equitable will post 7.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Equitable news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the sale, the insider now directly owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at approximately $825,162.36. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,032 shares of company stock worth $7,587,971 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MQS Management LLC acquired a new position in Equitable during the third quarter valued at approximately $587,000. JPMorgan Chase & Co. boosted its position in shares of Equitable by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after purchasing an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Equitable in the 4th quarter valued at $295,000. Principal Financial Group Inc. increased its position in shares of Equitable by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after buying an additional 148,180 shares in the last quarter. Finally, Qsemble Capital Management LP raised its stake in Equitable by 902.4% during the 3rd quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock worth $3,298,000 after buying an additional 70,629 shares during the period. 92.70% of the stock is owned by 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.