Mitsubishi UFJ Asset Management Co. Ltd. Has $11.91 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,320 shares of the company’s stock after buying an additional 29,359 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Equitable worth $11,910,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in Equitable by 700.3% in the fourth 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 period. Los Angeles Capital Management LLC raised its holdings in shares of Equitable by 608.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after buying an additional 1,261,466 shares in the last quarter. Amundi raised its holdings in shares of Equitable by 56.3% in the 4th quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after buying an additional 957,828 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Equitable by 1,092.4% during 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 buying an additional 802,160 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Equitable in the 4th quarter valued at $29,939,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Barclays lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and increased their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.75.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 629,939 shares in the company, valued at approximately $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nick Lane sold 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,332 shares of company stock valued at $5,364,610. 1.10% of the stock is currently owned by insiders.

Equitable Stock Up 0.9 %

NYSE EQH opened at $52.14 on Tuesday. The stock has a market capitalization of $16.00 billion, a P/E ratio of 13.65 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 debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a fifty day moving average of $53.02 and a 200-day moving average of $48.56.

Equitable (NYSE:EQH) last announced its quarterly earnings data 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 return on equity of 85.70% and a net margin of 10.51%. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Equitable’s payout ratio is presently 25.13%.

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.