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

Equitable Holdings, Inc. (NYSE:EQH) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.5455.

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Equitable in a research report on Saturday, September 27th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Wolfe Research upgraded Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Morgan Stanley reduced their target price on Equitable from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, August 18th.

Insider Transactions at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the sale, the director owned 26,001 shares of the company’s stock, valued at approximately $1,348,411.86. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,468 shares of company stock valued at $10,250,470 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in Equitable by 35.0% in the 2nd quarter. Osaic Holdings Inc. now owns 7,236 shares of the company’s stock valued at $406,000 after acquiring an additional 1,877 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Equitable by 103.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 32,704 shares of the company’s stock valued at $1,835,000 after purchasing an additional 16,612 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Equitable by 191.6% in the 2nd quarter. Advisory Services Network LLC now owns 28,920 shares of the company’s stock valued at $1,485,000 after purchasing an additional 19,004 shares during the last quarter. Caxton Associates LLP increased its holdings in shares of Equitable by 1,000.8% in the second quarter. Caxton Associates LLP now owns 96,455 shares of the company’s stock valued at $5,411,000 after purchasing an additional 87,693 shares during the period. Finally, Snowden Capital Advisors LLC raised its stake in shares of Equitable by 128.6% during the second quarter. Snowden Capital Advisors LLC now owns 9,990 shares of the company’s stock worth $560,000 after purchasing an additional 5,619 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Down 0.5%

EQH opened at $50.90 on Tuesday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. Equitable has a one year low of $41.39 and a one year high of $56.61. The company has a market cap of $15.25 billion, a P/E ratio of 41.05 and a beta of 1.10. The business’s 50-day simple moving average is $52.63 and its 200-day simple moving average is $52.12.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Equitable’s payout ratio is currently 87.10%.

About Equitable

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.