Equitable Holdings, Inc. (NYSE:EQH) Receives $48.70 Average Target Price from Brokerages

Equitable Holdings, Inc. (NYSE:EQH) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.70.

A number of brokerages have commented on EQH. Morgan Stanley decreased their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Citigroup boosted their price objective on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays boosted their price objective on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Equitable Stock Performance

Shares of Equitable stock opened at $47.92 on Friday. Equitable has a one year low of $26.96 and a one year high of $50.51. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of -43.96 and a beta of 1.40. The business has a 50-day simple moving average of $43.67 and a 200 day simple moving average of $41.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, research analysts anticipate that Equitable will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now owns 668,555 shares in the company, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,166 shares of company stock worth $4,286,705 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its position in shares of Equitable by 2.1% during the third quarter. MetLife Investment Management LLC now owns 180,262 shares of the company’s stock worth $7,576,000 after acquiring an additional 3,747 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Equitable during the third quarter worth $564,000. Brooklyn Investment Group purchased a new stake in shares of Equitable during the third quarter worth $124,000. Quantbot Technologies LP lifted its position in shares of Equitable by 426.0% during the third quarter. Quantbot Technologies LP now owns 106,575 shares of the company’s stock worth $4,479,000 after acquiring an additional 86,314 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Equitable by 27.4% in the third quarter. FMR LLC now owns 710,951 shares of the company’s stock worth $29,881,000 after purchasing an additional 152,847 shares during the period. 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.