Equitable (NYSE:EQH) Price Target Raised to $55.00 at JPMorgan Chase & Co.

Equitable (NYSE:EQH) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $53.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.30% from the company’s previous close.

Several other research firms also recently weighed in on EQH. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. UBS Group raised shares of Equitable from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday. Truist Financial upped their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Morgan Stanley increased their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their target price on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average target price of $60.75.

Equitable Trading Up 0.3 %

Shares of EQH opened at $52.23 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company has a 50 day simple moving average of $53.01 and a two-hundred day simple moving average of $48.65. Equitable has a 1 year low of $35.49 and a 1 year high of $56.00. The firm has a market cap of $16.03 billion, a P/E ratio of 13.67 and a beta of 1.39.

Equitable (NYSE:EQH) last released its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, equities analysts expect that Equitable will post 7.33 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total value of $364,296.90. Following the transaction, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Equitable

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC lifted its position in Equitable by 53.5% in the 3rd quarter. Cerity Partners LLC now owns 22,443 shares of the company’s stock worth $943,000 after buying an additional 7,823 shares in the last quarter. FMR LLC raised its holdings in shares of Equitable by 27.4% during the third quarter. FMR LLC now owns 710,951 shares of the company’s stock worth $29,881,000 after acquiring an additional 152,847 shares in the last quarter. Holocene Advisors LP boosted its position in Equitable by 486.6% during the third quarter. Holocene Advisors LP now owns 157,085 shares of the company’s stock valued at $6,602,000 after purchasing an additional 130,306 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Equitable by 1,309.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 242,163 shares of the company’s stock valued at $10,178,000 after purchasing an additional 224,987 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its stake in shares of Equitable by 21.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 20,040 shares of the company’s stock worth $842,000 after purchasing an additional 3,500 shares in the last quarter. 92.70% of the stock is currently owned by 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.