Equitable Holdings, Inc. (NYSE:EQH) Receives $35.00 Consensus PT from Analysts

Equitable Holdings, Inc. (NYSE:EQHGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.00.

Several brokerages have recently commented on EQH. Keefe, Bruyette & Woods cut shares of Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 price target for the company. in a research report on Tuesday, December 5th. Barclays lowered their price target on shares of Equitable from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley lowered their price target on shares of Equitable from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Wells Fargo & Company lowered their price target on shares of Equitable from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Finally, UBS Group lifted their price target on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th.

Get Our Latest Stock Report on Equitable

Insider Activity

In other news, insider Nick Lane sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the transaction, the insider now owns 144,132 shares in the company, valued at $4,903,370.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel G. Kaye sold 4,845 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $33.85, for a total value of $164,003.25. Following the sale, the director now owns 53,757 shares of the company’s stock, valued at $1,819,674.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nick Lane sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the completion of the sale, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The disclosure for this sale can be found here. Insiders sold 171,845 shares of company stock worth $5,669,433 over the last quarter. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Equitable

Institutional investors have recently made changes to their positions in the business. Natixis bought a new stake in shares of Equitable in the second quarter worth $26,000. Lindbrook Capital LLC lifted its position in shares of Equitable by 143.1% in 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 in the last quarter. Blue Trust Inc. lifted its position in shares of Equitable by 126.2% in the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after purchasing an additional 704 shares in the last quarter. GAMMA Investing LLC bought a new stake in Equitable during the fourth quarter worth $50,000. Finally, UMB Bank n.a. raised its position in Equitable by 128.3% during the third quarter. UMB Bank n.a. now owns 1,840 shares of the company’s stock worth $52,000 after acquiring an additional 1,034 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.4 %

Shares of NYSE EQH opened at $33.74 on Thursday. Equitable has a 1-year low of $21.89 and a 1-year high of $34.80. The company has a market cap of $11.42 billion, a PE ratio of 9.98 and a beta of 1.41. The company has a 50-day moving average of $33.00 and a two-hundred day moving average of $29.77.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 27th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, November 24th. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

About Equitable

(Get Free Report

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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