Nissay Asset Management Corp Japan ADV Decreases Stock Position in Equitable Holdings, Inc. (NYSE:EQH)


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Nissay Asset Management Corp Japan ADV reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,311 shares of the company’s stock after selling 2,103 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Equitable were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its position in Equitable by 2.5% in the third quarter. CIBC Asset Management Inc now owns 18,853 shares of the company’s stock worth $344,000 after buying an additional 466 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Equitable by 3.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,046 shares of the company’s stock worth $293,000 after buying an additional 499 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Equitable by 3.4% in the third quarter. Verdence Capital Advisors LLC now owns 16,105 shares of the company’s stock worth $294,000 after buying an additional 525 shares during the last quarter. Diametric Capital LP increased its position in Equitable by 2.2% in the third quarter. Diametric Capital LP now owns 27,996 shares of the company’s stock worth $511,000 after buying an additional 611 shares during the last quarter. Finally, World Asset Management Inc grew its position in shares of Equitable by 6.1% in the third quarter. World Asset Management Inc now owns 12,863 shares of the company’s stock valued at $235,000 after purchasing an additional 740 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

Equitable stock opened at $29.35 on Tuesday. Equitable Holdings, Inc. has a 52 week low of $9.89 and a 52 week high of $29.69. The business has a 50-day simple moving average of $26.85 and a 200 day simple moving average of $23.42. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of -27.95 and a beta of 1.65.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 11th. Investors of record on Thursday, March 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, March 3rd. Equitable’s payout ratio is 14.02%.

In other Equitable news, CAO William James Iv Eckert sold 3,182 shares of Equitable stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $26.48, for a total transaction of $84,259.36. Insiders own 0.40% of the company’s stock.

Several equities analysts have recently weighed in on EQH shares. Truist lifted their price target on Equitable from $26.00 to $35.00 in a research report on Thursday, February 18th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Equitable from $25.00 to $33.00 in a research report on Wednesday, November 18th. Smith Barney Citigroup lifted their price target on Equitable from $25.00 to $33.00 in a research report on Wednesday, November 18th. Morgan Stanley lifted their price target on Equitable from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Finally, Zacks Investment Research upgraded Equitable from a “sell” rating to a “hold” rating in a research report on Monday, January 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.45.

Equitable Company Profile

Equitable Holdings, Inc operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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