Equitable (NYSE:EQH) Stock Rating Upgraded by TheStreet
TheStreet upgraded shares of Equitable (NYSE:EQH) from a d+ rating to a c- rating in a research report report published on Tuesday, TheStreetRatingsTable reports.
Several other brokerages have also recently commented on EQH. Zacks Investment Research cut shares of Equitable from a buy rating to a hold rating in a report on Tuesday. SunTrust Banks dropped their price target on shares of Equitable from $27.00 to $24.00 and set a buy rating on the stock in a research report on Wednesday, May 13th. ValuEngine lowered shares of Equitable from a sell rating to a strong sell rating in a research report on Wednesday, April 29th. Royal Bank of Canada reaffirmed a hold rating and set a $20.00 price target on shares of Equitable in a research report on Monday, July 20th. Finally, Citigroup raised shares of Equitable from a neutral rating to a buy rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Friday, April 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $22.00.
Shares of EQH opened at $21.80 on Tuesday. Equitable has a 12 month low of $9.89 and a 12 month high of $27.30. The firm has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $19.37. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of -363.27 and a beta of 1.76.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, August 10th. This represents a $0.68 annualized dividend and a yield of 3.12%. Equitable’s payout ratio is 14.02%.
A number of institutional investors have recently added to or reduced their stakes in EQH. Metropolitan Life Insurance Co NY increased its stake in shares of Equitable by 18.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock valued at $116,000 after acquiring an additional 898 shares in the last quarter. UBS Group AG increased its stake in shares of Equitable by 31.0% in the 4th quarter. UBS Group AG now owns 44,973 shares of the company’s stock valued at $1,114,000 after acquiring an additional 10,654 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Equitable by 4.1% in the 4th quarter. Macquarie Group Ltd. now owns 24,963 shares of the company’s stock valued at $619,000 after acquiring an additional 984 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Equitable in the 1st quarter valued at $1,558,000. Finally, Arden Trust Co bought a new stake in shares of Equitable in the 1st quarter valued at $136,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.
Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.
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