2 weeks Ago By ABMN Staff
Equitable Holdings, Inc. ( NYSE:EQH – Get Free Report ) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 3,840,000 shares, a drop of 7.
0% from the August 31st total of 4,130,000 shares. Based on an average daily volume of 2,210,000 shares, the short-interest ratio is currently 1.7 days.
Currently, 1.2% of the company’s shares are sold short. Analysts Set New Price Targets A number of equities research analysts recently issued reports on EQH shares.
Morgan Stanley dropped their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th.
Citigroup boosted their price objective on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd.
Jefferies Financial Group lifted their price target on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, June 28th.
Barclays started coverage on shares of Equitable in a research note on Wednesday, September 4th. They set an “overweight” rating and a $59.00 price objective for the company.
Finally, UBS Group downgraded Equitable from a “buy” rating to a “neutral” rating and lifted their target price for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th.
Four 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, Equitable currently has a consensus rating of “Moderate Buy” and an average target price of $46.64.
View Our Latest Stock Report on EQH Insider Transactions at Equitable Hedge Funds Weigh In On Equitable A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Equitable by 1.
2% in the 4th quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock valued at $1,265,815,000 after acquiring an additional 446,752 shares during the period.
Intech Investment Management LLC lifted its holdings in Equitable by 60.9% during the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock worth $3,819,000 after buying an additional 38,040 shares during the period.
Ashton Thomas Private Wealth LLC increased its stake in shares of Equitable by 265.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after buying an additional 50,460 shares during the period.
Teachers Retirement System of The State of Kentucky bought a new position in shares of Equitable during the fourth quarter worth about $2,892,000. Finally, Friedenthal Financial bought a new position in shares of Equitable during the second quarter worth about $831,000. Institutional investors and hedge funds own 92.
70% of the company’s stock. Equitable Stock Performance Shares of Equitable stock traded down $0.32 during trading on Tuesday, reaching $41.
71. The company’s stock had a trading volume of 1,725,940 shares, compared to its average volume of 2,505,323. Equitable has a 52 week low of $24.
65 and a 52 week high of $44.50. The company has a quick ratio of 0.
12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06.
The business’s 50-day moving average price is $40.86 and its 200-day moving average price is $39.89.
The firm has a market cap of $13.57 billion, a PE ratio of 12.91 and a beta of 1.
42. Equitable ( NYSE:EQH – Get Free Report ) last released its earnings results on Tuesday, July 30th. The company reported $1.
43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.03.
The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion.
Equitable had a return on equity of 87.49% and a net margin of 7.87%.
Equitable’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.
17 EPS. Equities analysts forecast that Equitable will post 6.01 earnings per share for the current year.
Equitable Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.24 per share.
This represents a $0.96 annualized dividend and a yield of 2.30%.
The ex-dividend date was Tuesday, August 6th. Equitable’s payout ratio is presently 29.72%.
About Equitable ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.
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