Brokerages Set Equitable Holdings, Inc. (NYSE:EQH) PT at $61.67

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $61.67.

EQH has been the topic of a number of research analyst reports. Truist Financial raised their target price 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. UBS Group reduced their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company increased their target price on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Evercore ISI dropped their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $352,698.06. Following the transaction, the chief operating officer now directly owns 94,980 shares of the company's stock, valued at $5,025,391.80. The trade was a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now directly owns 139,073 shares of the company's stock, valued at $7,109,411.76. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,332 shares of company stock worth $5,976,400 over the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its stake in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Truist Financial Corp increased its position in Equitable by 2.8% in the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after buying an additional 257 shares in the last quarter. QRG Capital Management Inc. raised its stake in Equitable by 0.3% during the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock worth $4,613,000 after buying an additional 260 shares during the period. Jones Financial Companies Lllp boosted its holdings in Equitable by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after acquiring an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Equitable by 7.0% in the fourth quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Price Performance

Shares of EQH stock traded down $0.55 on Wednesday, hitting $52.96. 3,927,259 shares of the company's stock were exchanged, compared to its average volume of 2,584,733. The company has a 50 day moving average of $50.30 and a 200 day moving average of $50.36. The stock has a market cap of $16.09 billion, a P/E ratio of 13.86 and a beta of 1.15. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable has a 12 month low of $36.46 and a 12 month high of $56.00.

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

Equitable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, June 2nd. This is an increase from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is currently 29.35%.

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.