Equitable (NYSE:EQH) Reaches New 1-Year High – What’s Next?

Equitable Holdings, Inc. (NYSE:EQH)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $46.48 and last traded at $46.17, with a volume of 262974 shares trading hands. The stock had previously closed at $45.81.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EQH shares. Wells Fargo & Company lifted their target price on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their target price on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Barclays lifted their price target on Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Equitable Stock Up 0.6 %

The company’s 50 day moving average price is $42.47 and its two-hundred day moving average price is $40.93. The stock has a market cap of $14.99 billion, a P/E ratio of 14.18 and a beta of 1.41. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Insider Buying and Selling at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,500 shares of company stock worth $3,969,870 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

Institutional investors have recently modified their holdings of the stock. &PARTNERS grew its holdings in shares of Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 254 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Equitable by 4.8% during the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock worth $233,000 after buying an additional 280 shares during the period. Allspring Global Investments Holdings LLC grew its position in Equitable by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after acquiring an additional 332 shares in the last quarter. US Bancorp DE lifted its holdings in Equitable by 4.4% during the 1st quarter. US Bancorp DE now owns 10,068 shares of the company’s stock worth $383,000 after buying an additional 423 shares in the last quarter. Finally, Capital Insight Partners LLC raised its stake in shares of Equitable by 2.6% in the second quarter. Capital Insight Partners LLC now owns 17,612 shares of the company’s stock valued at $720,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds 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.