Equitable Holdings, Inc. (NYSE:EQH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Equitable Holdings, Inc. (NYSE:EQH) 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

A number of institutional investors have recently modified their holdings of EQH. EverSource Wealth Advisors LLC lifted its position in Equitable by 21.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,921 shares of the company’s stock valued at $55,000 after acquiring an additional 333 shares during the last quarter. American International Group Inc. increased its position in Equitable by 9.3% during the 2nd quarter. American International Group Inc. now owns 4,007 shares of the company’s stock valued at $104,000 after buying an additional 342 shares in the last quarter. Stephens Inc. AR raised its stake in Equitable by 3.7% in the second quarter. Stephens Inc. AR now owns 10,040 shares of the company’s stock valued at $273,000 after buying an additional 360 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Equitable by 3.5% in the second quarter. Kestra Advisory Services LLC now owns 11,244 shares of the company’s stock worth $305,000 after acquiring an additional 378 shares in the last quarter. Finally, Ethic Inc. grew its stake in shares of Equitable by 3.9% during the first quarter. Ethic Inc. now owns 10,458 shares of the company’s stock worth $323,000 after acquiring an additional 396 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

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) 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%.

About Equitable

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.