Equitable Holdings Inc. (NYSE: EQH) stock fell -1.83% on Wednesday to $24.72 against a previous-day closing price of $25.18. With 2.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.62 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $25.03 whereas the lowest price it dropped to was $24.31. The 52-week range on EQH shows that it touched its highest point at $33.24 and its lowest point at $21.89 during that stretch. It currently has a 1-year price target of $35.46. With its current market cap of 8.96 billion, EQH has annualized dividend of $0.80 while the current yield stands at 3.24%. Beta for the stock currently stands at 1.40.
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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 1.15%, but this was down by -1.94% over a month. Three-month performance dropped to -21.35% while six-month performance fell -19.22%. The stock lost -14.14% in the past year, while it has lost -13.87% so far this year. A look at the trailing 12-month EPS for EQH yields 3.40 with Next year EPS estimates of 6.45. For the next quarter, that number is 1.32. This implies an EPS growth rate of 461.60% for this year and 23.90% for next year. EPS is expected to grow by 10.86% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.10%.
Float and Shares Shorts:
At present, 361.90 million EQH shares are outstanding with a float of 354.48 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.28 million, which was 1.47% higher than short shares on Mar 30, 2023. 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 102.50% of EQH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.43% of EQH, in contrast to 34.90% held by mutual funds. Shares owned by individuals account for 0.44%. As the largest shareholder in EQH with 10.17% of the stake, The Vanguard Group, Inc. holds 36,789,771 shares worth 36,789,771. A second-largest stockholder of EQH, T. Rowe Price Associates, Inc., holds 32,502,739 shares, controlling over 8.98% of the firm’s shares. Pzena Investment Management LLC is the third largest shareholder in EQH, holding 23,480,192 shares or 6.49% stake. With a 5.31% stake in EQH, the Government Pension Fund – Global is the largest stakeholder. A total of 19,199,222 shares are owned by the mutual fund manager. The Canada Pension Plan, which owns about 5.03% of EQH stock, is the second-largest Mutual Fund holder. It holds 18,213,000 shares valued at 473.36 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in EQH, owning 11,250,344 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 0 analysts follow the stock currently. 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 $43.00 and a low target of $25.00, the average target price over the next 12 months is $35.46. Based on these targets, EQH could surge 73.95% to reach the target high and rise by 1.13% to reach the target low. Reaching the average price target will result in a growth of 43.45% 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.
Summary of Insider Activity:
Insiders traded EQH stock several times over the past three months with 14 Buys and 23 Sells. In these transactions, 381,204 shares were bought while 346,887 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 877,193 while 697,084 shares were sold.
