Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,482 shares of the company's stock after acquiring an additional 20,317 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Equitable worth $8,047,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of Equitable in the 1st quarter valued at $26,000. Bessemer Group Inc. raised its position in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. raised its position in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. Mizuho Bank Ltd. raised its position in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares during the period. Finally, McIlrath & Eck LLC raised its holdings in Equitable by 154.3% in the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after purchasing an additional 841 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Price Performance

Shares of NYSE EQH opened at $55.97 on Friday. The firm has a 50-day simple moving average of $52.33 and a 200-day simple moving average of $51.21. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 15.21 and a beta of 1.15. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.39.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. The firm's revenue was up 105.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. On average, equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Monday, June 2nd. This is a boost from Equitable's previous quarterly dividend of $0.24. Equitable's dividend payout ratio (DPR) is currently 29.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EQH shares. UBS Group reduced their price target on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Keefe, Bruyette & Woods upped their target price on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Evercore ISI reduced their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company upped their price objective on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Equitable has a consensus rating of "Moderate Buy" and an average target price of $61.67.

Insider Activity at Equitable

In related news, CAO William James Iv Eckert sold 4,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $53.09, for a total transaction of $212,360.00. Following the completion of the sale, the chief accounting officer now directly owns 19,827 shares in the company, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,332 shares of company stock valued at $5,993,760. 1.10% of the stock is currently owned by insiders.

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.

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