Equitable Holdings, Inc. (NYSE:EQH) Receives $50.10 Consensus PT from Analysts

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $50.10.

Several equities analysts recently commented on EQH shares. Keefe, Bruyette & Woods upgraded shares of Equitable from a "market perform" rating to an "outperform" rating and upped their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Barclays lifted their price target on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their price target on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares of the company's stock, valued at $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,032 shares of company stock valued at $6,031,759. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equitable

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its position in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after buying an additional 3,155,487 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Equitable during the 2nd quarter valued at approximately $110,176,000. Samlyn Capital LLC bought a new position in Equitable during the 2nd quarter worth approximately $63,334,000. Federated Hermes Inc. boosted its stake in shares of Equitable by 1,095.9% in the 2nd quarter. Federated Hermes Inc. now owns 600,662 shares of the company's stock valued at $24,543,000 after purchasing an additional 550,436 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock worth $166,855,000 after buying an additional 539,904 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Stock Performance

EQH stock traded down $0.55 during mid-day trading on Friday, hitting $47.50. 1,804,213 shares of the company were exchanged, compared to its average volume of 2,500,534. Equitable has a 1-year low of $31.76 and a 1-year high of $50.51. The business has a 50 day simple moving average of $46.97 and a 200-day simple moving average of $43.31. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $14.88 billion, a PE ratio of -43.58 and a beta of 1.39.

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

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable's dividend payout ratio is presently -88.07%.

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.