Truist Financial Boosts Equitable (NYSE:EQH) Price Target to $44.00

Equitable (NYSE:EQH - Get Free Report) had its target price upped by stock analysts at Truist Financial from $40.00 to $44.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target points to a potential upside of 15.03% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Equitable from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. 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, April 11th. Jefferies Financial Group increased their price target on shares of Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods upped their price target on Equitable from $39.00 to $41.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th. Finally, 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, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.10.

Equitable Trading Down 0.9 %

Shares of EQH traded down $0.36 during trading hours on Thursday, reaching $38.25. 3,441,545 shares of the company's stock traded hands, compared to its average volume of 2,647,135. The firm's 50 day simple moving average is $36.11 and its 200-day simple moving average is $32.86. The stock has a market cap of $12.53 billion, a PE ratio of 11.84 and a beta of 1.40. Equitable has a 12 month low of $21.89 and a 12 month high of $39.11.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. Equitable's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. As a group, analysts expect that Equitable will post 6.01 earnings per share for the current fiscal year.

Insider Transactions at Equitable

In other news, Director Bertram L. Scott sold 7,000 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the completion of the transaction, the director now directly owns 20,902 shares in the company, valued at $737,631.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $361,276.56. Following the completion of the sale, the chief operating officer now owns 141,062 shares of the company's stock, valued at approximately $5,112,086.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bertram L. Scott sold 7,000 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $35.29, for a total value of $247,030.00. Following the transaction, the director now directly owns 20,902 shares in the company, valued at $737,631.58. The disclosure for this sale can be found here. Insiders have sold a total of 181,907 shares of company stock valued at $6,395,849 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Equitable

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Equitable in the 4th quarter worth $606,630,000. Hsbc Holdings PLC boosted its position in Equitable by 1,161.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company's stock worth $262,692,000 after purchasing an additional 7,227,568 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Equitable by 10.0% during the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company's stock valued at $763,764,000 after purchasing an additional 2,450,484 shares during the period. Principal Financial Group Inc. increased its position in shares of Equitable by 1,105.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company's stock valued at $41,390,000 after purchasing an additional 1,139,814 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Equitable by 24.6% in the 4th quarter. Northern Trust Corp now owns 3,958,417 shares of the company's stock worth $131,815,000 after purchasing an additional 781,426 shares during the period. 92.70% of the stock is currently owned by institutional investors.

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.