Equitable Holdings, Inc. (NYSE:EQH) Receives Average Rating of “Buy” From Analysts
Equitable Holdings, Inc. (NYSE:EQH – Get Rating) has been assigned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.13.
EQH has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Equitable in a research report on Monday. They issued a “buy” rating for the company. Jefferies Financial Group assumed coverage on shares of Equitable in a report on Tuesday, January 25th. They set a “buy” rating and a $44.00 target price for the company. Barclays reduced their target price on shares of Equitable from $43.00 to $37.00 in a report on Thursday, May 12th. Morgan Stanley dropped their price objective on shares of Equitable from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. Finally, UBS Group upgraded shares of Equitable to a “positive” rating in a research note on Wednesday, May 11th.
In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $30.50, for a total transaction of $915,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 8,000 shares of Equitable stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $30.49, for a total transaction of $243,920.00. Following the sale, the chief operating officer now directly owns 103,904 shares in the company, valued at $3,168,032.96. The disclosure for this sale can be found here. Insiders sold a total of 127,449 shares of company stock valued at $3,924,988 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Aviva PLC grew its holdings in Equitable by 1.5% during the 4th quarter. Aviva PLC now owns 114,648 shares of the company’s stock worth $3,759,000 after acquiring an additional 1,741 shares during the last quarter. Capitolis Advisors LLC grew its holdings in Equitable by 168.7% during the 3rd quarter. Capitolis Advisors LLC now owns 133,379 shares of the company’s stock worth $4,293,000 after acquiring an additional 83,746 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Equitable by 7.2% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,386,421 shares of the company’s stock valued at $41,094,000 after purchasing an additional 92,905 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Equitable by 12.7% in the 3rd quarter. Credit Suisse AG now owns 661,922 shares of the company’s stock valued at $19,619,000 after purchasing an additional 74,842 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Equitable by 17.2% in the 3rd quarter. Alliancebernstein L.P. now owns 115,373 shares of the company’s stock valued at $3,420,000 after purchasing an additional 16,925 shares during the last quarter.
Shares of NYSE:EQH opened at $28.79 on Tuesday. Equitable has a 12 month low of $25.73 and a 12 month high of $37.13. The company’s fifty day simple moving average is $30.23 and its 200 day simple moving average is $32.11. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 7.56 and a beta of 1.49.
Equitable (NYSE:EQH – Get Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.15). During the same period last year, the business posted $1.13 EPS. Equities analysts predict that Equitable will post 6.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 6th. Stockholders of record on Monday, May 30th will be given a $0.20 dividend. The ex-dividend date is Thursday, May 26th. This is a boost from Equitable’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. Equitable’s payout ratio is presently 18.90%.
About Equitable (Get Rating)
Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.
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