Equitable (NYSE:EQH) PT Raised to $41.00 at Morgan Stanley

Equitable (NYSE:EQH) had its price target lifted by Morgan Stanley from $39.00 to $41.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 12.98% from the company’s current price.

EQH has been the subject of a number of other research reports. UBS Group boosted their target price on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $36.00 in a research note on Wednesday, January 3rd. Jefferies Financial Group boosted their price target on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Evercore ISI boosted their price target on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods boosted their price target on Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Equitable Trading Down 0.6 %

NYSE:EQH traded down $0.21 during mid-day trading on Monday, reaching $36.29. The company’s stock had a trading volume of 717,576 shares, compared to its average volume of 2,625,764. Equitable has a 12-month low of $21.89 and a 12-month high of $38.44. The firm’s fifty day moving average price is $35.30 and its two-hundred day moving average price is $32.04. The stock has a market cap of $11.89 billion, a P/E ratio of 10.77 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Analysts predict that Equitable will post 6.02 earnings per share 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 Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the transaction, the chief executive officer now directly owns 619,625 shares in the company, valued at approximately $20,063,457.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Equitable news, insider Nick Lane sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the completion of the transaction, the chief executive officer now owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,938 shares of company stock worth $7,213,072. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in Equitable by 107.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 812 shares of the company’s stock worth $27,000 after purchasing an additional 420 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Equitable by 143.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after acquiring an additional 591 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Equitable by 126.2% during the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock worth $42,000 after acquiring an additional 704 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Equitable during the 4th quarter worth approximately $50,000. Finally, UMB Bank n.a. raised its holdings in shares of Equitable by 128.3% during the 3rd 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. 92.70% of the stock is currently owned by institutional investors.

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.