Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 1,311 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 380,531 shares of the company’s stock after selling 1,311 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.10% of Equitable worth $10,027,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Equitable by 9.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,087,696 shares of the company’s stock worth $28,356,000 after purchasing an additional 92,004 shares during the last quarter. M Holdings Securities Inc. lifted its holdings in Equitable by 4.3% in the 2nd quarter. M Holdings Securities Inc. now owns 20,619 shares of the company’s stock worth $538,000 after purchasing an additional 850 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Equitable by 1.5% in the 2nd quarter. Chartwell Investment Partners LLC now owns 61,346 shares of the company’s stock worth $1,599,000 after purchasing an additional 914 shares during the last quarter. Credit Suisse AG lifted its holdings in Equitable by 17.6% in the 2nd quarter. Credit Suisse AG now owns 934,702 shares of the company’s stock worth $24,368,000 after purchasing an additional 139,695 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Equitable by 20.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 64,800 shares of the company’s stock worth $1,707,000 after purchasing an additional 11,100 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Equitable Price Performance

Shares of NYSE:EQH opened at $30.53 on Tuesday. The business’s fifty day moving average price is $30.04 and its two-hundred day moving average price is $29.07. Equitable Holdings, Inc. has a fifty-two week low of $24.61 and a fifty-two week high of $37.13. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 4.27 and a beta of 1.43.

Equitable (NYSE:EQHGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.15. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.21 billion. Research analysts expect that Equitable Holdings, Inc. will post 5.28 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, November 25th. Equitable’s dividend payout ratio (DPR) is 11.19%.

Analyst Upgrades and Downgrades

EQH has been the subject of several analyst reports. Royal Bank of Canada lowered Equitable from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $34.00 to $33.00 in a report on Tuesday, December 6th. Wells Fargo & Company cut their price target on Equitable from $41.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, October 12th. Citigroup upped their price target on Equitable from $37.00 to $38.00 in a report on Wednesday, November 16th. Jefferies Financial Group lowered Equitable from a “buy” rating to a “hold” rating and cut their price target for the stock from $36.00 to $34.00 in a report on Friday, December 9th. Finally, Truist Financial cut their price target on Equitable from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.78.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $30.19, for a total value of $905,700.00. Following the sale, the chief executive officer now directly owns 425,307 shares in the company, valued at $12,840,018.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Equitable Company Profile

(Get Rating)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

Read More

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQHGet Rating).

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

Receive News & Ratings for Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable and related companies with MarketBeat.com's FREE daily email newsletter.