Truist Financial Raises Equitable (NYSE:EQH) Price Target to $60.00

Equitable (NYSE:EQH - Get Free Report) had its price objective raised by equities researchers at Truist Financial from $52.00 to $60.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 11.85% from the stock's current price.

Several other analysts have also commented on the stock. BMO Capital Markets started coverage on shares of Equitable in a research report on Thursday, January 23rd. They set an "outperform" rating and a $70.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and lifted their target price for the company from $47.00 to $58.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods upgraded Equitable from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $54.00 to $58.00 in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on shares of Equitable from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.

Equitable Trading Down 0.0 %

Shares of NYSE EQH traded down $0.01 during trading on Monday, hitting $53.64. 1,000,888 shares of the company were exchanged, compared to its average volume of 2,813,515. The company has a fifty day moving average price of $49.88 and a 200-day moving average price of $45.64. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market capitalization of $16.81 billion, a PE ratio of 14.05 and a beta of 1.39. Equitable has a 12-month low of $32.96 and a 12-month high of $54.82.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, equities research analysts expect that Equitable will post 7.24 EPS for the current year.

Insider Activity

In other news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now directly owns 17,677 shares of the company's stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $315,368.46. Following the completion of the transaction, the chief operating officer now directly owns 98,875 shares in the company, valued at $4,677,776.25. This trade represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,032 shares of company stock worth $7,587,971. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Equitable

Several institutional investors have recently added to or reduced their stakes in EQH. Norges Bank purchased a new position in Equitable in the fourth quarter valued at approximately $668,250,000. Wellington Management Group LLP boosted its holdings in shares of Equitable by 59.9% in the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after buying an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock valued at $74,126,000 after buying an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after acquiring an additional 1,261,466 shares in the last quarter. Finally, Amundi lifted its position in Equitable by 56.3% in the fourth quarter. Amundi now owns 2,659,691 shares of the company's stock valued at $130,351,000 after acquiring an additional 957,828 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

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.