Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) PT at $61.33

Shares of Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $61.08.

EQH has been the topic of several recent analyst reports. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and boosted their target price for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Evercore ISI reduced their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods increased their price target on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $237,850.00. Following the sale, the insider now owns 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares of the company's stock, valued at $4,835,300.22. This trade represents a 6.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,332 shares of company stock worth $4,141,315 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Equitable

Several large investors have recently bought and sold shares of the business. Barclays PLC raised its position in shares of Equitable by 13.5% during the 3rd quarter. Barclays PLC now owns 501,498 shares of the company's stock worth $21,076,000 after acquiring an additional 59,844 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Equitable by 2.9% during the 3rd quarter. Retirement Systems of Alabama now owns 388,430 shares of the company's stock worth $16,326,000 after buying an additional 11,085 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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. JPMorgan Chase & Co. raised its stake in Equitable by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after acquiring an additional 153,457 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Equitable Price Performance

EQH traded up $0.55 on Friday, hitting $51.46. 132,023 shares of the company's stock were exchanged, compared to its average volume of 2,600,922. Equitable has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 13.47 and a beta of 1.15. The firm has a 50-day moving average price of $49.91 and a 200-day moving average price of $49.60. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a net margin of 10.51% and a return on equity of 85.70%. The company had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the company earned $1.43 earnings per share. Equitable's revenue for the quarter was up 105.2% on a year-over-year basis. As a group, equities analysts anticipate that Equitable will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is currently 26.09%.

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.