Asset Management One Co. Ltd. Acquires 4,871 Shares of Equitable Holdings, Inc. $EQH

Asset Management One Co. Ltd. boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,353 shares of the company’s stock after acquiring an additional 4,871 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Equitable worth $8,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in Equitable during the 1st quarter valued at approximately $108,264,000. Wellington Management Group LLP boosted its stake in shares of Equitable by 23.4% during the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after purchasing an additional 2,061,496 shares during the period. Nuveen LLC purchased a new stake in shares of Equitable during the first quarter valued at $99,319,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after acquiring an additional 1,834,889 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Equitable by 85.4% in the first quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company’s stock valued at $96,981,000 after purchasing an additional 879,813 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bertram L. Scott sold 2,600 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares of the company’s stock, valued at $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the sale, the chief operating officer directly owned 75,098 shares of the company’s stock, valued at approximately $3,679,051.02. This represents a 8.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,958 shares of company stock valued at $9,362,262 in the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Price Performance

Shares of NYSE EQH opened at $48.95 on Tuesday. The stock’s 50-day simple moving average is $51.61 and its 200-day simple moving average is $51.97. The firm has a market capitalization of $14.66 billion, a PE ratio of 39.48 and a beta of 1.10. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley decreased their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods upped their target price on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Equitable presently has an average rating of “Moderate Buy” and an average target price of $64.45.

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.