Research Analysts’ Recent Ratings Changes for Equitable (EQH)

Several analysts have recently updated their ratings and price targets for Equitable (NYSE: EQH):

• 4/15/2024 – Equitable had its price target raised by analysts at Morgan Stanley from $39.00 to $41.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Equitable had its price target raised by analysts at Wells Fargo & Company from $43.00 to $46.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Equitable had its price target raised by analysts at Evercore ISI from $42.00 to $46.00. They now have an “outperform” rating on the stock.
• 4/10/2024 – Equitable had its price target raised by analysts at Keefe, Bruyette & Woods from $39.00 to $41.00. They now have a “market perform” rating on the stock.
• 3/22/2024 – Equitable had its price target raised by analysts at Jefferies Financial Group Inc. from $42.00 to $45.00. They now have a “buy” rating on the stock.

Equitable Trading Down 1.5 %

Equitable stock traded down $0.55 during trading on Tuesday, reaching $36.92. The company had a trading volume of 2,035,465 shares, compared to its average volume of 2,605,887. Equitable Holdings, Inc. has a 52 week low of $21.89 and a 52 week high of $38.44. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 10.92 and a beta of 1.42. The firm’s 50-day simple moving average is $35.96 and its 200 day simple moving average is $32.75.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. On average, analysts predict that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

Insider Buying and Selling

In other Equitable news, Director Bertram L. Scott sold 7,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the transaction, the director now owns 20,902 shares of the company’s stock, valued at approximately $737,631.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $1,087,200.00. Following the transaction, the chief executive officer now owns 685,025 shares of the company’s stock, valued at $24,825,306. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bertram L. Scott sold 7,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the completion of the sale, the director now owns 20,902 shares of the company’s stock, valued at $737,631.58. The disclosure for this sale can be found here. Insiders sold a total of 241,907 shares of company stock worth $8,338,649 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Equitable

Several institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in Equitable by 143.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after purchasing an additional 591 shares during the period. Blue Trust Inc. raised its holdings in shares of Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after acquiring an additional 704 shares during the period. GAMMA Investing LLC acquired a new position in Equitable in the 4th quarter valued at about $50,000. Rise Advisors LLC lifted its holdings in Equitable by 1,421.4% in the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock valued at $65,000 after acquiring an additional 1,592 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Equitable by 128.3% during the 3rd quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after purchasing an additional 1,034 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

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.