Equitable Holdings, Inc. (NYSE:EQH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Equitable Holdings, Inc. (NYSE:EQH) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $42.50.

A number of research analysts have commented on EQH shares. Truist Financial raised their price target on shares of Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and raised their target price for the stock from $40.00 to $43.00 in a research report on Tuesday, June 18th. Wells Fargo & Company lowered their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Jefferies Financial Group lifted their price objective on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the completion of the sale, the chief executive officer now owns 685,025 shares in the company, valued at $24,825,306. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $39.62, for a total value of $394,971.78. Following the transaction, the chief operating officer now owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $1,087,200.00. Following the sale, the chief executive officer now directly owns 685,025 shares of the company’s stock, valued at $24,825,306. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,411 shares of company stock worth $7,646,571. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Equitable

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Equitable by 42.5% in the 2nd quarter. CWM LLC now owns 4,175 shares of the company’s stock valued at $171,000 after acquiring an additional 1,246 shares during the last quarter. DNB Asset Management AS grew its holdings in Equitable by 15.2% during the second quarter. DNB Asset Management AS now owns 58,140 shares of the company’s stock valued at $2,376,000 after purchasing an additional 7,674 shares during the period. GAMMA Investing LLC increased its stake in Equitable by 243.3% in the second quarter. GAMMA Investing LLC now owns 6,657 shares of the company’s stock valued at $272,000 after purchasing an additional 4,718 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in Equitable by 15.2% in the second quarter. Kathmere Capital Management LLC now owns 7,699 shares of the company’s stock worth $315,000 after purchasing an additional 1,014 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Equitable by 141.4% during the first quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company’s stock worth $96,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 1.0 %

EQH opened at $42.03 on Friday. The stock’s 50 day simple moving average is $40.55 and its 200-day simple moving average is $36.80. The stock has a market cap of $13.67 billion, a PE ratio of 13.01 and a beta of 1.43. Equitable has a 1 year low of $24.65 and a 1 year high of $42.07.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Equities analysts forecast that Equitable will post 6.11 earnings per share for the current fiscal year.

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Equitable’s previous quarterly dividend of $0.22. Equitable’s payout ratio is 29.72%.

Equitable Company Profile

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.