Asset Management One Co. Ltd. Acquires 34,262 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Asset Management One Co. Ltd. lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 161,038 shares of the company’s stock after purchasing an additional 34,262 shares during the period. Asset Management One Co. Ltd.’s holdings in Equitable were worth $6,768,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EQH. New Covenant Trust Company N.A. bought a new position in shares of Equitable during the 1st quarter valued at $28,000. LRI Investments LLC bought a new stake in Equitable in the 1st quarter worth $45,000. Carolina Wealth Advisors LLC bought a new stake in Equitable in the 3rd quarter worth $48,000. UMB Bank n.a. grew its holdings in Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after acquiring an additional 718 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Equitable by 141.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company’s stock worth $96,000 after acquiring an additional 1,526 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 4.1 %

Shares of Equitable stock opened at $48.32 on Friday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $15.31 billion, a PE ratio of -44.33 and a beta of 1.40. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51. The company has a 50-day simple moving average of $43.16 and a two-hundred day simple moving average of $41.37.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 85.96%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EQH shares. Truist Financial raised their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley cut their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Barclays lifted their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Citigroup lifted their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Insider Activity

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at $27,263,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,500 shares of company stock valued at $3,969,870 over the last three months. Insiders own 1.10% of the company’s stock.

About Equitable

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.