Equitable Holdings, Inc. (NYSE:EQH) Stock Position Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 436,216 shares of the company’s stock after purchasing an additional 9,416 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.14% of Equitable worth $20,576,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the period. Assetmark Inc. boosted its position in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after acquiring an additional 1,265 shares during the period. Smartleaf Asset Management LLC grew its stake in Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after acquiring an additional 409 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of Equitable by 82.7% in the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after purchasing an additional 817 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQH has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Barclays increased their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.75.

Equitable Stock Down 1.3 %

Shares of EQH stock opened at $53.36 on Friday. The stock’s 50 day simple moving average is $53.02 and its 200 day simple moving average is $48.26. Equitable Holdings, Inc. has a twelve month low of $35.49 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 13.97 and a beta of 1.39.

Equitable (NYSE:EQH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS 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%. As a group, research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is 25.13%.

Insider Buying and Selling at Equitable

In other news, insider Nick Lane sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the transaction, the insider now directly owns 121,629 shares in the company, valued at $6,282,137.85. The trade was a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the chief executive officer now owns 753,206 shares in the company, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,332 shares of company stock worth $5,364,610 over the last ninety days. Company 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.