Equitable Holdings, Inc. (NYSE:EQH) Given Average Rating of "Moderate Buy" by Brokerages

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.67.

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Equitable from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. UBS Group increased their price objective on Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Jefferies Financial Group increased their price objective on Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Finally, JPMorgan Chase & Co. downgraded Equitable from an "overweight" rating to a "neutral" rating and upped their target price for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd.

Insider Buying and Selling

In related news, Director Charles G.T. Stonehill sold 5,000 shares of Equitable 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 completion of the sale, the director now owns 29,758 shares of the company's stock, valued at $1,012,367.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Charles G.T. Stonehill sold 5,000 shares of Equitable 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 completion of the sale, the director now owns 29,758 shares of the company's stock, valued at $1,012,367.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 60,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.38, for a total value of $1,942,800.00. Following the sale, the chief executive officer now directly owns 619,625 shares of the company's stock, valued at approximately $20,063,457.50. The disclosure for this sale can be found here. Insiders sold 241,907 shares of company stock valued at $8,338,649 over the last 90 days. Company insiders own 1.02% of the company's stock.

Institutional Trading of Equitable

Hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its stake in shares of Equitable by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company's stock worth $2,949,000 after acquiring an additional 329 shares during the period. TCW Group Inc. lifted its position in shares of Equitable by 0.5% in the fourth quarter. TCW Group Inc. now owns 71,986 shares of the company's stock worth $2,397,000 after buying an additional 371 shares in the last quarter. GAMMA Investing LLC raised its position in Equitable by 26.4% during the first quarter. GAMMA Investing LLC now owns 1,939 shares of the company's stock valued at $74,000 after purchasing an additional 405 shares during the period. Teacher Retirement System of Texas raised its position in Equitable by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company's stock valued at $783,000 after purchasing an additional 418 shares during the period. Finally, CWM LLC raised its position in Equitable by 23.6% during the third quarter. CWM LLC now owns 2,647 shares of the company's stock valued at $75,000 after purchasing an additional 506 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Trading Up 0.6 %

Shares of NYSE EQH traded up $0.24 during midday trading on Tuesday, hitting $37.25. 1,730,698 shares of the company's stock were exchanged, compared to its average volume of 2,619,035. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 11.02 and a beta of 1.42. The business's fifty day moving average price is $35.71 and its two-hundred day moving average price is $32.48. Equitable has a 12-month low of $21.89 and a 12-month high of $38.44.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.50 billion. Equities analysts expect that Equitable will post 6.01 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable's dividend payout ratio is currently 26.04%.

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.