Equitable Holdings, Inc. (NYSE:EQH) has earned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.20.
Several brokerages have recently commented on EQH. Morgan Stanley increased their target price on Equitable from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, August 5th. Zacks Investment Research cut Equitable from a “buy” rating to a “hold” rating in a report on Wednesday, October 6th. Finally, increased their target price on Equitable from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, June 21st.
NYSE:EQH traded up $0.12 during trading hours on Monday, reaching $32.10. The company had a trading volume of 1,711 shares, compared to its average volume of 2,663,119. The stock has a 50-day moving average of $30.66 and a two-hundred day moving average of $31.44. The firm has a market capitalization of $13.24 billion, a PE ratio of 4.43 and a beta of 1.64. Equitable has a one year low of $18.44 and a one year high of $35.46.
The company also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 13th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 12th. Equitable’s dividend payout ratio is 14.43%.
In related news, CEO Mark Pearson sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 1st. The stock was sold at an average price of $30.02, for a total value of $450,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Corient Capital Partners LLC lifted its stake in Equitable by 5.8% in the second quarter. Corient Capital Partners LLC now owns 8,225 shares of the company’s stock valued at $250,000 after buying an additional 454 shares during the period. ProShare Advisors LLC raised its position in shares of Equitable by 1.6% during the second quarter. ProShare Advisors LLC now owns 33,028 shares of the company’s stock worth $1,006,000 after purchasing an additional 528 shares during the period. Raymond James Trust N.A. raised its position in shares of Equitable by 6.1% during the second quarter. Raymond James Trust N.A. now owns 11,318 shares of the company’s stock worth $345,000 after purchasing an additional 647 shares during the period. Van ECK Associates Corp raised its position in shares of Equitable by 146.7% during the second quarter. Van ECK Associates Corp now owns 1,325 shares of the company’s stock worth $40,000 after purchasing an additional 788 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Equitable by 12.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 7,842 shares of the company’s stock worth $239,000 after purchasing an additional 865 shares during the period. 94.51% of the stock is currently owned by hedge funds and other institutional investors.
Equitable Holdings, Inc is a financial services company in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Its mission is to help clients secure their financial well-being. The company was founded by Henry B.
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