Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Equitable (NYSE:EQH) Stock

Equitable (NYSE:EQH - Get Free Report) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $58.00 to $62.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 11.99% from the company's current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and upped their price objective for the company from $47.00 to $58.00 in a research report on Friday, January 10th. 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. Finally, Truist Financial increased their price target on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average target price of $55.92.

Equitable Stock Up 3.0 %

NYSE EQH traded up $1.62 during trading hours on Wednesday, hitting $55.36. The company had a trading volume of 4,530,037 shares, compared to its average volume of 2,889,528. Equitable has a fifty-two week low of $32.96 and a fifty-two week high of $55.78. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.49 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm's 50 day moving average is $50.16 and its 200 day moving average is $45.79.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.51% and a return on equity of 85.70%. Sell-side analysts anticipate that Equitable will post 7.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Equitable news, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the completion of the sale, the chief executive officer now owns 639,939 shares in the company, valued at $30,275,514.09. The trade was a 4.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,032 shares of company stock worth $6,165,071 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Equitable

Several large investors have recently made changes to their positions in EQH. Versant Capital Management Inc increased its stake in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after purchasing an additional 352 shares during the period. Covestor Ltd increased its stake in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 246 shares during the period. Bessemer Group Inc. increased its stake in shares of Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. increased its stake in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Equitable during the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 92.70% of the company's stock.

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.