Mitsubishi UFJ Trust & Banking Corp Has $21.88 Million Stake in Equitable Holdings, Inc. $EQH

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,860 shares of the company’s stock after acquiring an additional 68,644 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Equitable were worth $21,879,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Groupe la Francaise raised its position in shares of Equitable by 8.2% in the second quarter. Groupe la Francaise now owns 2,949 shares of the company’s stock valued at $165,000 after purchasing an additional 223 shares during the period. BSW Wealth Partners grew its stake in Equitable by 5.9% in the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock valued at $239,000 after buying an additional 238 shares during the last quarter. ProShare Advisors LLC raised its holdings in Equitable by 2.1% in the 2nd quarter. ProShare Advisors LLC now owns 13,473 shares of the company’s stock valued at $756,000 after acquiring an additional 271 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Equitable by 11.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,634 shares of the company’s stock worth $134,000 after acquiring an additional 275 shares during the last quarter. Finally, NFC Investments LLC boosted its holdings in shares of Equitable by 0.4% during the second quarter. NFC Investments LLC now owns 75,300 shares of the company’s stock worth $4,224,000 after acquiring an additional 300 shares during the period. Institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQH. Keefe, Bruyette & Woods increased 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. Raymond James Financial set a $60.00 price objective on Equitable in a research report on Monday, January 5th. Mizuho set a $65.00 target price on Equitable in a report on Wednesday, January 14th. Zacks Research downgraded shares of Equitable from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Equitable in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.54.

Insiders Place Their Bets

In other Equitable news, CAO William James Iv Eckert sold 4,300 shares of Equitable stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total value of $203,261.00. Following the transaction, the chief accounting officer owned 15,625 shares in the company, valued at $738,593.75. The trade was a 21.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $43.14, for a total value of $1,712,658.00. Following the transaction, the chief executive officer directly owned 676,540 shares of the company’s stock, valued at approximately $29,185,935.60. The trade was a 5.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 203,770 shares of company stock worth $9,462,206. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Up 1.0%

Shares of Equitable stock opened at $46.10 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of -16.70 and a beta of 1.13. The firm’s 50-day moving average price is $47.04 and its two-hundred day moving average price is $49.57.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The business’s revenue was down 52.8% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. On average, analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, November 24th. Equitable’s dividend payout ratio (DPR) is currently -39.13%.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.