Nomura Asset Management Co. Ltd. Purchases 33,957 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,305 shares of the company’s stock after acquiring an additional 33,957 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Equitable worth $8,269,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Assetmark Inc. raised its stake in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock valued at $38,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. raised its position in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after buying an additional 209 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after buying an additional 257 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after acquiring an additional 266 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company’s stock valued at $631,000 after acquiring an additional 283 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the completion of the sale, the chief operating officer now owns 92,209 shares of the company’s stock, valued at approximately $5,039,221.85. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on EQH shares. Barclays increased their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company lifted their price objective on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods increased their target price on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Equitable Stock Performance

Shares of NYSE:EQH opened at $52.14 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 13.65 and a beta of 1.39. The firm’s 50-day moving average is $53.02 and its 200 day moving average is $48.56.

Equitable (NYSE:EQH) last released its earnings results 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 net margin of 10.51% and a return on equity of 85.70%. Research analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently announced 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 of this dividend 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 25.13%.

Equitable 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.