Equitable (NYSE:EQH) Price Target Cut to $75.00 by Analysts at UBS Group

Equitable (NYSE:EQH - Get Free Report) had its target price dropped by stock analysts at UBS Group from $77.00 to $75.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 41.62% from the company's previous close.

EQH has been the topic of a number of other reports. Evercore ISI dropped their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley upped their target price on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wells Fargo & Company lifted their price target on Equitable from $59.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Truist Financial lifted their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Equitable Stock Down 1.0%

NYSE EQH traded down $0.55 during trading on Tuesday, reaching $52.96. 3,927,259 shares of the company's stock were exchanged, compared to its average volume of 2,575,740. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company's fifty day simple moving average is $50.30 and its 200-day simple moving average is $50.37. The firm has a market capitalization of $16.09 billion, a PE ratio of 13.86 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The company had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue for the quarter was up 105.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Sell-side analysts predict that Equitable will post 7.33 EPS for the current year.

Insider Transactions at Equitable

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now owns 139,073 shares of the company's stock, valued at $7,109,411.76. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total value of $317,101.62. Following the transaction, the chief operating officer now owns 101,646 shares of the company's stock, valued at $4,835,300.22. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,332 shares of company stock valued at $5,976,400. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Equitable

Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Equitable during the 4th quarter valued at about $668,250,000. Wellington Management Group LLP increased its holdings in shares of Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Boston Partners bought a new position in shares of Equitable in the first quarter valued at approximately $108,264,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Equitable by 5,536.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock worth $110,286,000 after acquiring an additional 2,071,691 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Equitable in the 1st quarter worth approximately $99,319,000. 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.