Keefe, Bruyette & Woods Boosts Equitable (NYSE:EQH) Price Target to $43.00

Equitable (NYSE:EQH) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $41.00 to $43.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.03% from the stock’s current price.

Several other research firms also recently commented on EQH. Wells Fargo & Company lifted their price target on shares of Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI lifted their price objective on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Truist Financial increased their price target on shares of 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 price objective on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, UBS Group boosted their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.30.

Equitable Stock Up 0.0 %

Shares of NYSE EQH opened at $39.44 on Tuesday. The business has a 50-day simple moving average of $36.56 and a two-hundred day simple moving average of $33.24. Equitable has a 52 week low of $22.16 and a 52 week high of $39.81. The company has a market cap of $12.83 billion, a P/E ratio of 12.21 and a beta of 1.40.

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

Insider Buying and Selling at Equitable

In other news, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Charles G.T. Stonehill sold 5,000 shares of Equitable stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.02, for a total transaction of $170,100.00. Following the sale, the director now owns 29,758 shares of the company’s stock, valued at approximately $1,012,367.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $38.06, for a total transaction of $5,803,122.38. Following the completion of the sale, the insider now owns 88,660 shares in the company, valued at $3,374,399.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 314,380 shares of company stock valued at $11,518,571. 1.10% of the stock is owned by company insiders.

Institutional Trading of Equitable

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after purchasing an additional 446,752 shares during the period. Pzena Investment Management LLC grew its stake in Equitable by 10.0% in the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after purchasing an additional 2,450,484 shares in the last quarter. Norges Bank bought a new stake in shares of Equitable in the fourth quarter valued at about $606,630,000. Hsbc Holdings PLC boosted its position in Equitable by 1,161.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after acquiring an additional 7,227,568 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Equitable by 0.3% in the 4th quarter. First Trust Advisors LP now owns 6,232,821 shares of the company’s stock valued at $207,553,000 after buying an additional 18,475 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other 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.