Equitable (NYSE:EQH) Given New $66.00 Price Target at Keefe, Bruyette & Woods

Equitable (NYSE:EQH - Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $62.00 to $66.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 28.55% from the stock's previous close.

Several other equities analysts also recently issued reports on EQH. Wells Fargo & Company boosted their price objective on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Barclays increased their price target on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and raised their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Equitable currently has a consensus rating of "Moderate Buy" and an average price target of $57.17.

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Equitable Stock Performance

Shares of Equitable stock traded down $2.96 on Friday, reaching $51.34. 3,308,927 shares of the company were exchanged, compared to its average volume of 2,419,937. Equitable has a 1-year low of $32.96 and a 1-year high of $56.27. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 13.44 and a beta of 1.39. 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 company's 50-day moving average is $51.86 and its two-hundred day moving average is $47.02.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts expect that Equitable will post 7.33 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the transaction, the chief operating officer now owns 98,875 shares of the company's stock, valued at approximately $4,677,776.25. This trade represents a 6.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 639,939 shares of the company's stock, valued at $30,275,514.09. This represents a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock valued at $6,534,234 over the last three months. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Equitable

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Equitable in the fourth quarter valued at $8,909,000. American Trust purchased a new stake in Equitable in the 4th quarter worth about $222,000. Forum Financial Management LP purchased a new stake in Equitable in the 4th quarter worth about $208,000. Toronto Dominion Bank boosted its position in Equitable by 87.9% during the 4th quarter. Toronto Dominion Bank now owns 84,148 shares of the company's stock worth $3,969,000 after acquiring an additional 39,354 shares during the period. Finally, Invst LLC grew its stake in Equitable by 1.5% during the 4th quarter. Invst LLC now owns 24,165 shares of the company's stock valued at $1,140,000 after acquiring an additional 365 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other 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.