Equitable (NYSE:EQH) Price Target Raised to $72.00

Equitable (NYSE:EQH) had its target price lifted by BMO Capital Markets from $69.00 to $72.00 in a research note published on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on EQH. Morgan Stanley raised their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Truist Financial boosted their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company upped their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.83.

Equitable Stock Up 0.0 %

NYSE EQH opened at $54.10 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39. The company has a 50 day moving average of $51.54 and a 200-day moving average of $46.69. Equitable has a 1-year low of $32.96 and a 1-year high of $56.00.

Equitable (NYSE:EQH) last posted 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%. On average, equities research analysts expect that Equitable will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. Equitable’s payout ratio is 25.13%.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares of the company’s stock, valued at $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the transaction, the insider now owns 141,629 shares in the company, valued at approximately $6,492,273.36. The trade was a 15.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock worth $6,534,234 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Equitable

Large investors have recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of Equitable by 3.6% during the 3rd quarter. Creative Planning now owns 13,541 shares of the company’s stock worth $569,000 after buying an additional 476 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock worth $288,000 after acquiring an additional 332 shares in the last quarter. Forsta AP Fonden grew its holdings in Equitable by 28.5% in the third quarter. Forsta AP Fonden now owns 63,500 shares of the company’s stock worth $2,669,000 after purchasing an additional 14,100 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Equitable by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,506 shares of the company’s stock valued at $315,000 after purchasing an additional 1,170 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Equitable by 11.7% during the third quarter. State of Alaska Department of Revenue now owns 37,140 shares of the company’s stock valued at $1,560,000 after purchasing an additional 3,890 shares during the period. Institutional investors and hedge funds 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.