Analysts Set Equitable Holdings, Inc. (NYSE:EQH) PT at $55.92

Shares of Equitable Holdings, Inc. (NYSE:EQH) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $56.58.

EQH has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Equitable from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays upped their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upped their price target on Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th.

Equitable Trading Down 4.7 %

Shares of EQH stock opened at $51.44 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The business has a 50-day moving average price of $50.91 and a two-hundred day moving average price of $46.25. Equitable has a 12-month low of $32.96 and a 12-month high of $56.00. The firm has a market cap of $16.12 billion, a P/E ratio of 13.46 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Equities analysts anticipate that Equitable will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. Equitable’s dividend payout ratio (DPR) is 25.13%.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares in the company, valued at $30,275,514.09. The trade was a 4.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,698 shares of company stock worth $6,534,234. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the last quarter. Covestor Ltd grew its stake in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after buying an additional 246 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the last quarter. Assetmark Inc. grew its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after buying an additional 199 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Equitable in the 3rd quarter worth approximately $48,000. Hedge funds and other 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.