Mitsubishi UFJ Trust & Banking Corp Has $20.58 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,216 shares of the company’s stock after purchasing an additional 9,416 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Equitable were worth $20,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares during the period. Wellington Management Group LLP raised its position in Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after purchasing an additional 161,376 shares in the last quarter. Amundi lifted its stake in Equitable by 56.3% during the fourth quarter. Amundi now owns 2,659,691 shares of the company’s stock worth $130,351,000 after purchasing an additional 957,828 shares during the period. Principal Financial Group Inc. boosted its holdings in Equitable by 20.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after purchasing an additional 437,322 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after purchasing an additional 54,380 shares during the period. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EQH. Wells Fargo & Company raised their target price 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 objective on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Truist Financial lifted 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.75.

Equitable Stock Performance

Shares of Equitable stock opened at $53.36 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The firm has a 50 day simple moving average of $53.02 and a 200 day simple moving average of $48.26. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The firm has a market cap of $16.42 billion, a P/E ratio of 13.97 and a beta of 1.39.

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

Equitable Announces Dividend

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

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at approximately $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,332 shares of company stock worth $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.