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

Shares of Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.70.

EQH has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Barclays raised their target price on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley lowered their target price on Equitable from $48.00 to $46.00 and set an "overweight" rating on the stock in a research report on Monday, August 19th.

Equitable Stock Up 0.3 %

EQH traded up $0.15 on Wednesday, reaching $47.71. The company's stock had a trading volume of 1,339,448 shares, compared to its average volume of 2,496,277. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of -43.65 and a beta of 1.38. Equitable has a 1 year low of $31.31 and a 1 year high of $50.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The business's 50 day moving average is $45.60 and its 200 day moving average is $42.54.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. As a group, research analysts forecast that Equitable will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio (DPR) is presently -88.07%.

Insider Buying and Selling

In related news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares of the company's stock, valued at approximately $819,596.82. This trade represents a 15.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction 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 sale, the chief executive officer now directly owns 668,555 shares of the company's stock, valued at approximately $27,263,672.90. The trade was a 4.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,166 shares of company stock worth $4,443,605 in the last three months. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equitable

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 246 shares in the last quarter. LRI Investments LLC raised its position in shares of Equitable by 892.9% during the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company's stock valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of Equitable during the 3rd quarter valued at $48,000. UMB Bank n.a. raised its position in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after acquiring an additional 718 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Equitable by 141.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company's stock valued at $96,000 after acquiring an additional 1,526 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

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.