Equitable Holdings, Inc. (NYSE:EQH) Receives $39.67 Consensus PT from Brokerages

Shares of Equitable Holdings, Inc. (NYSE:EQH) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Three 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 issued ratings on the stock in the last year is $39.67.

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Evercore ISI raised their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their target price on shares of Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and raised their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 3rd.

Equitable Price Performance

NYSE EQH opened at $37.48 on Tuesday. The company’s 50 day simple moving average is $35.90 and its two-hundred day simple moving average is $32.68. Equitable has a 1 year low of $21.89 and a 1 year high of $38.44. The stock has a market capitalization of $12.28 billion, a PE ratio of 11.09 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. On average, research analysts anticipate that Equitable will post 6.01 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.35%. Equitable’s dividend payout ratio (DPR) is currently 26.04%.

Insider Activity

In related news, COO Jeffrey J. Hurd sold 9,969 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $361,276.56. Following the transaction, the chief operating officer now directly owns 141,062 shares in the company, valued at approximately $5,112,086.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the transaction, the chief operating officer now owns 141,062 shares in the company, valued at $5,112,086.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Pearson sold 60,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the sale, the chief executive officer now owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 241,907 shares of company stock valued at $8,338,649. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Equitable

Several hedge funds have recently made changes to their positions in EQH. Lindbrook Capital LLC boosted its holdings in Equitable by 143.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock valued at $33,000 after acquiring an additional 591 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after purchasing an additional 704 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Equitable during the fourth quarter valued at about $50,000. UMB Bank n.a. raised its stake in Equitable by 128.3% in the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after buying an additional 1,034 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Equitable in the fourth quarter worth about $64,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.