Meiji Yasuda Asset Management Co Ltd. Sells 402 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,496 shares of the company’s stock after selling 402 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Equitable were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EQH. Nordea Investment Management AB lifted its holdings in shares of Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after acquiring an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock valued at $69,289,000 after purchasing an additional 1,261,466 shares during the period. Amundi lifted its stake in shares of Equitable by 56.3% in the 4th quarter. Amundi now owns 2,659,691 shares of the company’s stock valued at $130,351,000 after purchasing an additional 957,828 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Equitable by 1,092.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock worth $41,302,000 after purchasing an additional 802,160 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Equitable during the 4th quarter valued at approximately $29,939,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Stock Down 1.3 %

Shares of NYSE:EQH opened at $53.36 on Friday. The business’s 50 day moving average is $53.02 and its 200 day moving average is $48.26. The stock has a market cap of $16.42 billion, a P/E ratio of 13.97 and a beta of 1.39. Equitable Holdings, Inc. has a 52-week low of $35.49 and a 52-week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets lifted their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Truist Financial upped their price target on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. Barclays raised their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at $7,109,411.76. The trade was a 3.47 % 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. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the sale, the chief operating officer now directly owns 92,209 shares of the company’s stock, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,332 shares of company stock valued at $5,364,610. Company insiders own 1.10% of the company’s stock.

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.