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Equitable Holdings, Inc. (NYSE:EQH) Receives $61.67 Average Price Target from Analysts

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Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.67.

EQH has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Morgan Stanley lifted their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, BMO Capital Markets upped their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th.

Check Out Our Latest Stock Report on Equitable

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. The trade was a 3.47% decrease in their ownership of the stock. 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 4,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer now owns 19,827 shares in the company, valued at $1,052,615.43. This represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,332 shares of company stock worth $5,993,760 over the last 90 days. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. MV Capital Management Inc. purchased a new position in Equitable in the first quarter worth $26,000. WPG Advisers LLC purchased a new stake in shares of Equitable during the 1st quarter valued at $27,000. Orion Capital Management LLC acquired a new stake in shares of Equitable in the 1st quarter worth $33,000. Bessemer Group Inc. grew its stake in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after buying an additional 357 shares during the last quarter. Finally, Assetmark Inc. increased its position in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after buying an additional 199 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Equitable Trading Up 0.8%

NYSE EQH traded up $0.42 on Friday, hitting $54.41. 2,356,130 shares of the stock were exchanged, compared to its average volume of 2,554,960. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.10 and a current ratio of 0.10. Equitable has a 52-week low of $36.46 and a 52-week high of $56.00. The firm has a market capitalization of $16.54 billion, a P/E ratio of 14.79 and a beta of 1.15. The stock has a fifty day moving average price of $51.81 and a two-hundred day moving average price of $51.05.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). Equitable had a return on equity of 79.05% and a net margin of 8.50%. The firm had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the company earned $1.43 earnings per share. The business's revenue for the quarter was up 105.2% compared to the same quarter last year. Research analysts forecast that Equitable will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $0.27 dividend. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.98%. Equitable's payout ratio is 29.35%.

Equitable Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Equitable (NYSE:EQH)

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