Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) Price Target at $57.75

Equitable Holdings, Inc. (NYSE:EQH) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $57.75.

EQH has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets raised their price target on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th.

Insider Activity

In other news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the transaction, the insider now directly owns 121,629 shares in the company, valued at $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,032 shares of company stock worth $5,443,966 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Equitable by 20.3% in 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 during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Equitable in the fourth quarter worth about $295,000. Principal Financial Group Inc. increased its holdings in shares of Equitable by 7.5% in the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after purchasing an additional 148,180 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Equitable by 11.7% in the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock worth $35,476,000 after purchasing an additional 78,725 shares during the last quarter. Finally, Qsemble Capital Management LP increased its holdings in shares of Equitable by 902.4% in the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company’s stock worth $3,298,000 after purchasing an additional 70,629 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Stock Down 0.9 %

EQH stock opened at $52.29 on Friday. Equitable has a twelve month low of $35.49 and a twelve month high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.09 billion, a PE ratio of 13.69 and a beta of 1.39. The business has a 50 day moving average of $52.66 and a 200 day moving average of $47.82.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, research analysts forecast that Equitable will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.84%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

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.