In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Buy rating on Equitable Holdings (EQH – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $39.64.
Greenspan covers the Financial sector, focusing on stocks such as Allstate, American International Group, and Prudential Financial. According to TipRanks, Greenspan has an average return of 8.8% and a 64.06% success rate on recommended stocks.
In addition to Wells Fargo, Equitable Holdings also received a Buy from Truist Financial’s Mark Hughes in a report issued on May 2. However, on May 1, KBW assigned a Hold rating to Equitable Holdings (NYSE: EQH).
Based on Equitable Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.23 billion and a net profit of $114 million. In comparison, last year the company earned a revenue of $2.36 billion and had a net profit of $177 million
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQH in relation to earlier this year. Earlier this month, Seth P Bernstein, the Head of Investment Management and Research of EQH sold 152,473.00 shares for a total of $5,801,597.65.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Equitable Holdings (EQH) Company Description:
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. Hyde in 1859 and is headquartered in New York, NY.
