Equitable (NYSE:EQH) Price Target Raised to $41.00 at Keefe, Bruyette & Woods

Equitable (NYSE:EQH - Get Free Report) had its target price hoisted by equities research analysts at Keefe, Bruyette & Woods from $39.00 to $41.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 10.66% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group boosted their price objective on shares of Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered shares of Equitable from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, UBS Group boosted their price objective on shares of Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Equitable Trading Down 1.4 %

Shares of Equitable stock traded down $0.54 on Wednesday, hitting $37.05. 3,961,627 shares of the company traded hands, compared to its average volume of 2,669,266. The company has a market cap of $12.22 billion, a PE ratio of 10.96 and a beta of 1.42. Equitable has a 52 week low of $21.89 and a 52 week high of $38.44. The stock's 50 day moving average price is $35.13 and its 200-day moving average price is $31.89.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. As a group, research analysts anticipate that Equitable will post 6 EPS for the current fiscal year.

Insider Transactions at Equitable

In other news, insider Nick Lane sold 10,000 shares of the company's stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total transaction of $322,900.00. Following the completion of the transaction, the insider now directly owns 154,132 shares of the company's stock, valued at approximately $4,976,922.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Nick Lane sold 10,000 shares of the business's stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total value of $322,900.00. Following the completion of the sale, the insider now directly owns 154,132 shares of the company's stock, valued at approximately $4,976,922.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bertram L. Scott sold 7,000 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $35.29, for a total value of $247,030.00. Following the completion of the sale, the director now directly owns 20,902 shares of the company's stock, valued at $737,631.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,938 shares of company stock valued at $7,213,072. 1.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Equitable

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Equitable by 109.8% in the 1st quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company's stock worth $7,021,000 after acquiring an additional 118,874 shares during the period. Private Advisor Group LLC grew its holdings in shares of Equitable by 35.1% in the 1st quarter. Private Advisor Group LLC now owns 9,261 shares of the company's stock worth $287,000 after acquiring an additional 2,405 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Equitable in the 1st quarter worth approximately $216,000. Rhumbline Advisers grew its holdings in shares of Equitable by 2.6% in the 1st quarter. Rhumbline Advisers now owns 309,504 shares of the company's stock worth $9,567,000 after acquiring an additional 7,745 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of Equitable by 6.2% in the 1st quarter. Yousif Capital Management LLC now owns 10,896 shares of the company's stock worth $337,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

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.