Equitable (NYSE:EQH) PT Raised to $41.00 at Morgan Stanley

Equitable (NYSE:EQH - Get Free Report) had its target price hoisted by equities researchers at Morgan Stanley from $39.00 to $41.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 14.41% from the company's current price.

Several other equities analysts have also recently issued reports on EQH. JPMorgan Chase & Co. cut Equitable from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on Equitable from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday. Jefferies Financial Group boosted their target price on Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods boosted their target price on Equitable from $39.00 to $41.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Finally, Evercore ISI boosted their target price on Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.67.

Equitable Price Performance

Equitable stock traded down $0.66 during trading hours on Monday, reaching $35.84. The company had a trading volume of 3,301,826 shares, compared to its average volume of 2,662,831. The company has a 50-day moving average price of $35.36 and a 200 day moving average price of $32.10. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 10.60 and a beta of 1.42. Equitable has a 12-month low of $21.89 and a 12-month high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.50 billion. As a group, research analysts expect that Equitable will post 6.02 earnings per share for the current year.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 10,000 shares of the business's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $32.29, for a total value of $322,900.00. Following the sale, the insider now directly owns 154,132 shares of the company's stock, valued at $4,976,922.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equitable news, Director Charles G.T. Stonehill sold 5,000 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total value of $170,100.00. Following the sale, the director now directly owns 29,758 shares of the company's stock, valued at $1,012,367.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 10,000 shares of the business's stock in a transaction on 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 transaction, the insider now owns 154,132 shares of the company's stock, valued at approximately $4,976,922.28. The disclosure for this sale can be found here. Insiders have sold 211,938 shares of company stock worth $7,213,072 over the last ninety days. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in Equitable by 109.8% during the first quarter. JPMorgan Chase & Co. now owns 227,129 shares of the company's stock valued at $7,021,000 after acquiring an additional 118,874 shares during the last quarter. Private Advisor Group LLC increased its position in Equitable by 35.1% during the first quarter. Private Advisor Group LLC now owns 9,261 shares of the company's stock valued at $287,000 after acquiring an additional 2,405 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Equitable during the first quarter valued at $216,000. Rhumbline Advisers increased its position in Equitable by 2.6% in the first quarter. Rhumbline Advisers now owns 309,504 shares of the company's stock worth $9,567,000 after buying an additional 7,745 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in Equitable by 6.2% in the first quarter. Yousif Capital Management LLC now owns 10,896 shares of the company's stock worth $337,000 after buying an additional 640 shares in the last quarter. Hedge funds and other institutional investors 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.