Equitable (NYSE:EQH) Price Target Raised to $43.00 at Keefe, Bruyette & Woods

Equitable (NYSE:EQH) had its price objective hoisted by Keefe, Bruyette & Woods from $41.00 to $43.00 in a report published on Tuesday morning, Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised their price objective on shares of Equitable from $34.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. Wells Fargo & Company lifted their price objective on shares of Equitable from $43.00 to $46.00 and gave the company an overweight rating in a report on Thursday, April 11th. Jefferies Financial Group raised their target price on Equitable from $42.00 to $45.00 and gave the company a buy rating in a research report on Friday, March 22nd. Evercore ISI increased their price target on Equitable from $42.00 to $46.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Finally, Truist Financial boosted their price objective on Equitable from $40.00 to $44.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $40.30.

Equitable Stock Up 0.7 %

Shares of EQH stock opened at $39.43 on Tuesday. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 12.21 and a beta of 1.40. Equitable has a 52-week low of $22.16 and a 52-week high of $39.81. The company’s 50 day moving average is $36.45 and its 200 day moving average is $33.20.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.59 billion. Equitable’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. Analysts anticipate that Equitable will post 6.06 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s payout ratio is 27.24%.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $33.77, for a total transaction of $2,026,200.00. Following the completion of the sale, the chief executive officer now owns 703,254 shares of the company’s stock, valued at $23,748,887.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares of the company’s stock, valued at $3,374,399.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $33.77, for a total value of $2,026,200.00. Following the completion of the sale, the chief executive officer now owns 703,254 shares of the company’s stock, valued at $23,748,887.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,380 shares of company stock worth $11,518,571. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC raised its stake in Equitable by 143.1% during the fourth 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 position in shares of Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after buying an additional 704 shares during the period. GAMMA Investing LLC acquired a new position in Equitable in the fourth quarter valued at approximately $50,000. Harvest Fund Management Co. Ltd purchased a new position in Equitable in the fourth quarter worth approximately $64,000. Finally, Rise Advisors LLC increased its stake in Equitable by 1,421.4% during the first quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock worth $65,000 after acquiring an additional 1,592 shares during the last quarter. Institutional investors and hedge funds 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.