Wells Fargo & Company Raises Equitable (NYSE:EQH) Price Target to $66.00

Equitable (NYSE:EQH - Get Free Report) had its price objective increased by equities researchers at Wells Fargo & Company from $61.00 to $66.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 25.00% from the stock's current price.

EQH has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday. Evercore ISI lowered their price target 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. Morgan Stanley raised their price target on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, UBS Group decreased their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.09.

Equitable Trading Down 1.8%

Shares of Equitable stock traded down $0.96 during trading hours on Thursday, hitting $52.80. The company's stock had a trading volume of 1,564,786 shares, compared to its average volume of 2,564,449. Equitable has a 1-year low of $36.46 and a 1-year high of $56.61. The business has a fifty day moving average of $53.41 and a 200 day moving average of $51.74. The company has a market capitalization of $16.05 billion, a PE ratio of 14.35 and a beta of 1.15. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39.

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

Insider Buying and Selling at Equitable

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $264,550.00. Following the completion of the sale, the insider directly owned 139,073 shares of the company's stock, valued at $7,358,352.43. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction that occurred on 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 owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,332 shares of company stock valued at $5,993,760 in the last ninety days. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Equitable by 0.3% in the 1st quarter. QRG Capital Management Inc. now owns 88,561 shares of the company's stock valued at $4,613,000 after acquiring an additional 260 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after acquiring an additional 266 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock valued at $202,000 after acquiring an additional 278 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Equitable by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company's stock valued at $253,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

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.