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

Equitable (NYSE:EQH) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $41.00 to $43.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 9.03% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Jefferies Financial Group increased their target price on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Evercore ISI raised their target price on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group lifted their target price 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 increased their target price on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Truist Financial lifted their price target on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.30.

Equitable Stock Performance

Shares of EQH opened at $39.44 on Tuesday. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 12.21 and a beta of 1.40. The stock has a fifty day moving average price of $36.56 and a two-hundred day moving average price of $33.24. Equitable has a 52-week low of $22.16 and a 52-week high of $39.81.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. As a group, research analysts predict that Equitable will post 6.06 EPS for the current fiscal year.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.77, for a total value of $2,026,200.00. Following the transaction, the chief executive officer now directly owns 703,254 shares of the company’s stock, valued at approximately $23,748,887.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equitable news, CEO Mark Pearson sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.77, for a total transaction of $2,026,200.00. Following the completion of the transaction, the chief executive officer now owns 703,254 shares in the company, valued at approximately $23,748,887.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Seth P. Bernstein sold 152,473 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 314,380 shares of company stock worth $11,518,571. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in Equitable in the fourth quarter worth approximately $606,630,000. Hsbc Holdings PLC lifted its position in shares of Equitable by 1,161.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after buying an additional 7,227,568 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Equitable by 10.0% in the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after acquiring an additional 2,450,484 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Equitable by 1,105.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock worth $41,390,000 after purchasing an additional 1,139,814 shares in the last quarter. Finally, Northern Trust Corp increased its position in Equitable by 24.6% during the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock worth $131,815,000 after purchasing an additional 781,426 shares during the last quarter. Hedge funds and other institutional investors 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.