A Look at Equitable Holdings Inc. (EQH) Shares in the Recent Past Indicates Growth

Equitable Holdings Inc. (NYSE: EQH) stock fell -2.20% on Friday to $27.51 against a previous-day closing price of $28.13. With 3.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.0 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $28.00 whereas the lowest price it dropped to was $27.44. The 52-week range on EQH shows that it touched its highest point at $37.13 and its lowest point at $24.61 during that stretch. It currently has a 1-year price target of $38.92. With its current market cap of 10.08 billion, EQH has annualized dividend of $0.80 while the current yield stands at 2.91%. Beta for the stock currently stands at 1.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EQH was up-trending over the past week, with a rise of 3.00%, but this was up by 4.52% over a month. Three-month performance dropped to -5.14% while six-month performance fell -18.22%. The stock lost -10.48% in the past year, while it has lost -16.10% so far this year. A look at the trailing 12-month EPS for EQH yields 3.81 with Next year EPS estimates of 6.51. For the next quarter, that number is 1.26. This implies an EPS growth rate of 20.30% for this year and 21.66% for next year. EPS is expected to grow by 3.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.60%.

Float and Shares Shorts:

At present, 388.60 million EQH shares are outstanding with a float of 379.27 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.42 million, which was 1.42% higher than short shares on Jun 14, 2022. In addition to Mr. Mark Pearson as the firm’s Pres, CEO & Director, Mr. Robin Matthew Raju serves as its Sr. EVP & CFO.

Institutional Ownership:

Through their ownership of 101.25% of EQH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.50% of EQH, in contrast to 38.01% held by mutual funds. Shares owned by individuals account for 0.36%. As the largest shareholder in EQH with 10.32% of the stake, The Vanguard Group, Inc. holds 39,320,382 shares worth 39,320,382. A second-largest stockholder of EQH, T. Rowe Price Associates, Inc., holds 28,851,136 shares, controlling over 7.57% of the firm’s shares. Norges Bank Investment Management is the third largest shareholder in EQH, holding 23,585,331 shares or 6.19% stake. With a 6.17% stake in EQH, the Government Pension Fund – Global is the largest stakeholder. A total of 23,504,427 shares are owned by the mutual fund manager. The Canada Pension Plan, which owns about 4.78% of EQH stock, is the second-largest Mutual Fund holder. It holds 18,213,000 shares valued at 474.81 million. Vanguard Total Stock Market Index holds 2.94% of the stake in EQH, owning 11,215,973 shares worth 292.4 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EQH since 14 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EQH analysts setting a high price target of $51.00 and a low target of $32.00, the average target price over the next 12 months is $38.92. Based on these targets, EQH could surge 85.39% to reach the target high and rise by 16.32% to reach the target low. Reaching the average price target will result in a growth of 41.48% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EQH will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $5.99 being high and $4.63 being low. For EQH, this leads to a yearly average estimate of $5.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Equitable Holdings Inc. surprised analysts by -$0.15 when it reported $1.36 EPS against a consensus estimate of $1.51. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $1.35 and the low estimate is $1.03. The average estimate for the next quarter is thus $1.26.

Summary of Insider Activity:

Insiders traded EQH stock several times over the past three months with 18 Buys and 4 Sells. In these transactions, 98,265 shares were bought while 63,725 shares were sold. The number of buy transactions has increased to 65 while that of sell transactions has risen to 55 over the past year. The total number of shares bought during that period was 1,008,504 while 797,966 shares were sold.

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