Nomura Holdings Inc. Invests $9.17 Million in Equitable Holdings, Inc. (NYSE:EQH)

Nomura Holdings Inc. purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 275,319 shares of the company’s stock, valued at approximately $9,168,000. Nomura Holdings Inc. owned about 0.08% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in EQH. HighTower Advisors LLC purchased a new position in shares of Equitable during the 3rd quarter worth $937,000. Aviva PLC grew its stake in shares of Equitable by 376.4% in the 3rd quarter. Aviva PLC now owns 65,274 shares of the company’s stock valued at $1,853,000 after buying an additional 51,573 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Equitable during the 3rd quarter worth approximately $3,076,000. Aigen Investment Management LP purchased a new stake in shares of Equitable during the 3rd quarter valued at approximately $1,167,000. Finally, Hsbc Holdings PLC lifted its holdings in Equitable by 77.7% in the third quarter. Hsbc Holdings PLC now owns 622,138 shares of the company’s stock valued at $17,665,000 after acquiring an additional 272,038 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity

In related news, insider Seth P. Bernstein sold 152,473 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the completion of the transaction, the insider now directly owns 88,660 shares of the company’s stock, valued at $3,374,399.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey J. Hurd sold 9,969 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.62, for a total value of $394,971.78. Following the completion of the sale, the chief operating officer now directly owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Seth P. Bernstein sold 152,473 shares of Equitable stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the transaction, the insider now directly owns 88,660 shares in the company, valued at approximately $3,374,399.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,411 shares of company stock worth $8,776,371. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. UBS Group lowered shares of Equitable from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $43.00 in a report on Tuesday. Morgan Stanley lifted their price target on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Truist Financial upped their price objective on shares of Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Equitable Stock Performance

Shares of EQH opened at $40.03 on Wednesday. The stock has a 50-day simple moving average of $39.18 and a 200-day simple moving average of $35.89. Equitable Holdings, Inc. has a 1 year low of $24.65 and a 1 year high of $41.64. The stock has a market capitalization of $13.02 billion, a PE ratio of 12.39 and a beta of 1.41.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. Analysts predict that Equitable Holdings, Inc. will post 6.12 EPS for the current year.

Equitable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.40%. This is an increase from Equitable’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 3rd. Equitable’s payout ratio is 29.72%.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.