The rise of equitable holdings has been a topic of interest to analysts and investors alike. According to the most recent disclosure with the SEC, UBS Group AG increased its position in shares of Equitable Holdings Inc. by 87.2% in the fourth quarter, owning approximately 0.06% of Equitable worth $6,486,000 as of its most recent filing with the SEC.
Equitable Holdings Inc engages in providing financial services with key focus on Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions segments. Their Individual Retirement segment includes annuity products which are designed to meet individual’s needs arising from retirement income or savings for it.
Recent analyst reports have shown that while three research analysts have rated the stock as a hold rating, five have given it a buy rating. Raymond James gave it a “market perform” rating on Wednesday 8th February while Barclays upped their price target from $30.00 to $31.00 in their report on Friday 12th May.
Wells Fargo & Company had dropped their price objective on Equitable from $37.00 to $33.00 and set an “overweight” rating on the stock in a report published on Wednesday 5th April; TheStreet reported downgraded Equitable from a “B” rating to a “C+” rating also on that same day.
Finally, Royal Bank of Canada dropped their price objective on Equitable from $33.00 to $28.00 and set a “sector perform” rating on the stock on Monday 10th April.
Despite this mixed critical reception EQH is still widely regarded as having potential for growth over time and could well be worth keeping an eye upon due to these interesting developments within the industry sector at large – especially with regards to retirement planning solutions for consumers across various age groups!
Growing Interest in Equitable Holdings, Inc. from Large Institutional Investors
Equitable Holdings, Inc. has been making waves in the financial industry as several large investors have recently made changes to their positions in the company. As reported, Skandinaviska Enskilda Banken AB publ boosted its stake in Equitable by 11.5% in the fourth quarter of last year. Thrivent Financial for Lutherans also increased its stake by 7.9%, while Van ECK Associates Corp’s stake skyrocketed by 671.5% during the same period. Furthermore, Nordea Investment Management AB and AMG National Trust Bank lifted their stakes by 9.7% and 1.1%, respectively.
The figures indicate a growing interest and trust among large institutional investors in Equitable Holdings, Inc., which offers a range of financial services through its Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions segments. The company’s annuity products primarily target individuals saving for retirement or seeking retirement income.
Despite the positive news on investor interest, EQH stock opened at $25.29 on Friday with a market cap of $9.01 billion and PE ratio of 7.44. It has a 50-day moving average price of $24.68 and a two-hundred day moving average price of $28.42.
Equitable (NYSE:EQH) last posted quarterly earnings results on Wednesday, May 3rd; it revealed EPS for the quarter that missed analysts’ consensus estimates by ($0.28), posting $0.96 instead of $1.24 as had been expected by analysts’ ratings on Wall Street – but did post revenue matching Wall Street projections exactly at $3bn equating to $3bn each quarter – despite beating last year’s Q1 growth level.
Meanwhile, Robin M Raju acquired over 2 thousand shares per transaction ahead of his CFO role starting from March this year attributed to an overall portfolio now valued at over $2,2mn. In contrast, William James Iv Eckert, the chief accounting officer, decided to sell his shares totaling 8,100 worth $205k on Wednesday 22 March.
The current financial status of Equitable Holdings, Inc. proves that it has much potential for growth but also reveals some setbacks when it comes to investors’ expectations. Nevertheless, with more considerable investment by esteemed institutional investors and smart management strategies in place, Equitable could be poised for a bright future in its financial services industry.
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