Equitable (NYSE:EQH) Price Target Increased to $43.00 by Analysts at Keefe, Bruyette & Woods

Equitable (NYSE:EQH) had its price objective hoisted by equities researchers at Keefe, Bruyette & Woods from $41.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.56% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Evercore ISI raised their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Truist Financial raised their price objective on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Jefferies Financial Group raised their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, UBS Group raised their target price on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.30.

Equitable Stock Up 1.1 %

Shares of Equitable stock traded up $0.45 on Tuesday, hitting $39.61. 782,852 shares of the company’s stock traded hands, compared to its average volume of 2,624,522. The stock has a market cap of $12.88 billion, a P/E ratio of 12.28 and a beta of 1.40. The firm’s 50-day moving average is $36.35 and its 200 day moving average is $33.11. Equitable has a 52-week low of $22.16 and a 52-week high of $39.81.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.59 billion. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Equities research analysts forecast that Equitable will post 6.06 EPS for the current year.

Insider Buying and Selling

In related news, insider Seth P. Bernstein sold 152,473 shares of Equitable 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 transaction, the insider now directly owns 88,660 shares of the company’s stock, valued at $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Equitable news, 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 sale, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $36.24, for a total value of $1,087,200.00. Following the sale, the chief executive officer now owns 685,025 shares in the company, valued at approximately $24,825,306. The disclosure for this sale can be found here. Insiders have sold a total of 334,380 shares of company stock valued at $12,198,971 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Equitable

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after buying an additional 446,752 shares during the last quarter. Pzena Investment Management LLC raised 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 valued at $763,764,000 after purchasing an additional 2,450,484 shares in the last quarter. Norges Bank acquired a new position in shares of Equitable in the fourth quarter valued at $606,630,000. Hsbc Holdings PLC raised its stake in shares of Equitable by 1,161.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after purchasing an additional 7,227,568 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Equitable by 0.3% during the fourth quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock worth $207,553,000 after acquiring an additional 18,475 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

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.