Asset Management One Co. Ltd. Buys 34,262 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Asset Management One Co. Ltd. grew its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 27.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,038 shares of the company's stock after acquiring an additional 34,262 shares during the period. Asset Management One Co. Ltd.'s holdings in Equitable were worth $6,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service boosted its holdings in Equitable by 23,851.6% in the 3rd quarter. National Pension Service now owns 396,399 shares of the company's stock worth $16,661,000 after acquiring an additional 394,744 shares during the period. Phillips Wealth Planners LLC acquired a new stake in Equitable during the 3rd quarter valued at approximately $208,000. AustralianSuper Pty Ltd purchased a new stake in Equitable during the 3rd quarter worth approximately $7,045,000. First Trust Direct Indexing L.P. grew its position in shares of Equitable by 4.5% during the third quarter. First Trust Direct Indexing L.P. now owns 12,733 shares of the company's stock worth $535,000 after buying an additional 548 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Equitable by 0.8% in the third quarter. New York State Teachers Retirement System now owns 142,781 shares of the company's stock worth $6,001,000 after buying an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Activity

In other news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,500 shares of company stock worth $3,969,870 over the last 90 days. 1.10% of the stock is owned by company insiders.

Equitable Price Performance

Equitable stock traded down $0.96 during mid-day trading on Friday, hitting $47.36. The company's stock had a trading volume of 2,437,950 shares, compared to its average volume of 2,505,106. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. The stock has a market capitalization of $15.01 billion, a P/E ratio of -44.33 and a beta of 1.40. The stock's fifty day moving average price is $43.16 and its two-hundred day moving average price is $41.37. Equitable Holdings, Inc. has a twelve month low of $25.88 and a twelve month high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts' consensus estimates of $1.53. Equitable had a positive return on equity of 85.96% and a negative net margin of 2.64%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $1.15 EPS. Equitable's revenue for the quarter was down 15.1% on a year-over-year basis. Research analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Wall Street Analyst Weigh In

EQH has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Barclays raised their target price on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Citigroup boosted their price target on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Wells Fargo & Company raised their price target on Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Truist Financial increased their target price on shares of Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Equitable currently has an average rating of "Moderate Buy" and an average price target of $48.70.

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.