Shares of Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $36.14.
Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Equitable from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Wells Fargo & Company boosted their target price on shares of Equitable from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th.
Institutional Trading of Equitable
Equitable Stock Up 2.2 %
Shares of EQH stock opened at $28.48 on Monday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 28.77 and a beta of 1.40. The business’s fifty day moving average is $28.15 and its 200 day moving average is $26.70. Equitable has a twelve month low of $21.89 and a twelve month high of $33.24.
Equitable (NYSE:EQH – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Equities research analysts expect that Equitable will post 4.94 earnings per share for the current fiscal year.
Equitable Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, August 4th. This represents a $0.88 dividend on an annualized basis and a yield of 3.09%. Equitable’s dividend payout ratio is currently 88.89%.
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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