Asset Management One Co. Ltd. Cuts Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Asset Management One Co. Ltd. lowered its stake in Equitable Holdings, Inc. (NYSE:EQH) by 16.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,165 shares of the company’s stock after selling 26,873 shares during the period. Asset Management One Co. Ltd.’s holdings in Equitable were worth $6,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQH. Atomi Financial Group Inc. lifted its position in Equitable by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after acquiring an additional 209 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Equitable by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after buying an additional 283 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Equitable by 5.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company’s stock valued at $288,000 after buying an additional 332 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock valued at $25,000 after buying an additional 352 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 0.3 %

Shares of Equitable stock opened at $55.50 on Wednesday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 14.53 and a beta of 1.39. The business has a 50-day moving average price of $50.52 and a 200-day moving average price of $46.03. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a twelve month low of $32.96 and a twelve month high of $55.79.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equities research analysts anticipate that Equitable Holdings, Inc. will post 7.24 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. Equitable’s payout ratio is 25.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EQH shares. Keefe, Bruyette & Woods increased their price target on Equitable from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Barclays raised their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Morgan Stanley raised their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, BMO Capital Markets initiated coverage on Equitable in a report on Thursday, January 23rd. They issued an “outperform” rating and a $70.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.92.

Insider Activity

In related news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the transaction, the chief executive officer now owns 639,939 shares of the company’s stock, valued at approximately $30,275,514.09. This represents a 4.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,032 shares of company stock worth $6,165,071 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.