Equitable Holdings, Inc. (NYSE:EQH) Receives Consensus Rating of "Moderate Buy" from Analysts

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

EQH has been the topic of several recent analyst reports. Truist Financial boosted their target price on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Morgan Stanley lowered their price target on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Wells Fargo & Company upped their price objective on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Citigroup lifted their target price on Equitable from $41.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd.

Insider Activity at Equitable

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were 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 directly owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company's stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,500 shares of company stock worth $3,969,870. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EQH. Covestor Ltd raised its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after buying an additional 246 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in Equitable in the 1st quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in Equitable in the first quarter valued at approximately $45,000. Carolina Wealth Advisors LLC bought a new stake in shares of Equitable during the third quarter worth $48,000. Finally, UMB Bank n.a. increased its holdings in shares of Equitable by 86.3% during the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after buying an additional 718 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Price Performance

EQH stock traded down $0.96 during trading on Friday, hitting $47.36. The company had a trading volume of 2,438,000 shares, compared to its average volume of 2,397,620. The company has a fifty day moving average price of $43.26 and a two-hundred day moving average price of $41.44. Equitable has a fifty-two week low of $25.88 and a fifty-two week 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.

Equitable (NYSE:EQH - Get Free Report) last posted its 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 negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm's quarterly revenue was down 15.1% compared to the same quarter last year. On average, analysts expect that Equitable will post 6.03 EPS for the current year.

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.