Asset Management One Co. Ltd. Has $8.05 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,482 shares of the company's stock after purchasing 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.

A number of other hedge funds have also recently bought and sold shares of the stock. MV Capital Management Inc. bought a new position in shares of Equitable in the first quarter valued at $26,000. Bessemer Group Inc. lifted its stake in Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. grew its position in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the period. Mizuho Bank Ltd. grew its position in shares of Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the period. Finally, McIlrath & Eck LLC increased its stake in shares of Equitable by 154.3% during 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 last quarter. 92.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the sale, the chief executive officer owned 724,367 shares of the company's stock, valued at $38,521,837.06. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 4,000 shares of Equitable stock in a transaction on Friday, June 20th. The shares were sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the transaction, the chief accounting officer directly owned 19,827 shares of the company's stock, valued at $1,052,615.43. This represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,332 shares of company stock valued at $5,993,760 in the last three months. Corporate insiders own 1.10% of the company's stock.

Equitable Stock Performance

NYSE EQH traded down $0.23 on Tuesday, reaching $55.87. The stock had a trading volume of 2,888,052 shares, compared to its average volume of 2,569,157. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $16.98 billion, a P/E ratio of 15.18 and a beta of 1.15. The firm has a fifty day moving average of $52.71 and a two-hundred day moving average of $51.36. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.61.

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

Equitable Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Morgan Stanley raised their price objective on Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Evercore ISI decreased their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. UBS Group dropped their price target on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.64.

Equitable Company 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.