Equitable (NYSE:EQH – Free Report) had its price objective trimmed by Wells Fargo & Company from $62.00 to $59.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.
EQH has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Finally, Barclays upped their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Equitable has an average rating of “Moderate Buy” and an average target price of $60.91.
Read Our Latest Analysis on EQH
Equitable Trading Up 1.4 %
Equitable (NYSE:EQH – Get Free Report) last released 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 net margin of 10.51% and a return on equity of 85.70%. As a group, equities analysts predict that Equitable will post 7.33 earnings per share for the current year.
Equitable Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s payout ratio is 25.13%.
Insider Buying and Selling
In other news, insider Nick Lane sold 5,000 shares of the firm’s 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 sale, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now owns 753,206 shares in the company, valued at $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,332 shares of company stock worth $5,364,610. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of Equitable
Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Equitable by 195.6% in the fourth 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 period. Bessemer Group Inc. grew its position in Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company’s stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. increased its stake in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. increased its stake in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company’s stock worth $53,000 after purchasing an additional 430 shares during the period. Finally, McIlrath & Eck LLC lifted its position in shares of Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company’s stock worth $65,000 after purchasing an additional 841 shares during the last quarter. 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.
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