Equitable Holdings, Inc. (NYSE:EQH) Receives Consensus Rating of “Buy” from Analysts

Equitable Holdings, Inc. (NYSE:EQHGet Rating) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $42.88.

Several equities research analysts recently issued reports on EQH shares. Citigroup started coverage on shares of Equitable in a research note on Monday, May 23rd. They issued a “buy” rating and a $41.00 price objective for the company. Morgan Stanley reduced 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. Barclays decreased their price target on shares of Equitable from $43.00 to $37.00 in a report on Thursday, May 12th. UBS Group raised Equitable to a “positive” rating in a research report on Wednesday, May 11th. Finally, TheStreet raised Equitable from a “c+” rating to a “b” rating in a research report on Monday, May 9th.

EQH stock opened at $25.89 on Friday. Equitable has a 1 year low of $25.22 and a 1 year high of $37.13. The company has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $31.47. The firm has a market cap of $9.86 billion, a PE ratio of 6.80 and a beta of 1.49.

Equitable (NYSE:EQHGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.15). During the same quarter last year, the business earned $1.13 EPS. Sell-side analysts anticipate that Equitable will post 6.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 6th. Shareholders of record on Monday, May 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Equitable’s previous quarterly dividend of $0.18. Equitable’s dividend payout ratio (DPR) is 21.00%.

In other news, insider Nick Lane sold 25,724 shares of Equitable stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $30.52, for a total transaction of $785,096.48. Following the sale, the insider now owns 116,007 shares of the company’s stock, valued at approximately $3,540,533.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, March 21st. The stock was sold at an average price of $31.74, for a total value of $253,920.00. The disclosure for this sale can be found here. Insiders have sold a total of 135,449 shares of company stock worth $4,151,188 in the last three months. 0.98% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. CWM LLC acquired a new stake in shares of Equitable during the 4th quarter worth approximately $25,000. UMB Bank N A MO bought a new position in shares of Equitable during the 4th quarter worth approximately $25,000. Riverview Trust Co bought a new position in shares of Equitable during the 1st quarter worth approximately $25,000. DB Wealth Management Group LLC bought a new position in shares of Equitable during the 1st quarter worth approximately $26,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Equitable during the 4th quarter worth approximately $27,000.

Equitable Company Profile (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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Analyst Recommendations for Equitable (NYSE:EQH)

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