Nissay Asset Management Corp Japan ADV lifted its position in shares of Equitable Holdings Inc (NYSE:EQH) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,269 shares of the company’s stock after purchasing an additional 6,021 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Equitable were worth $912,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EQH. Wellington Management Group LLP boosted its holdings in shares of Equitable by 23.0% during the 1st quarter. Wellington Management Group LLP now owns 19,938,101 shares of the company’s stock worth $288,105,000 after buying an additional 3,730,353 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Equitable by 1,476.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,716,192 shares of the company’s stock valued at $53,700,000 after buying an additional 3,480,529 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Equitable in the first quarter valued at $40,123,000. Pzena Investment Management LLC lifted its stake in shares of Equitable by 11.7% in the first quarter. Pzena Investment Management LLC now owns 22,099,137 shares of the company’s stock valued at $319,333,000 after buying an additional 2,320,997 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Equitable in the first quarter valued at $30,895,000. 87.07% of the stock is owned by institutional investors and hedge funds.
Shares of EQH stock opened at $20.46 on Friday. Equitable Holdings Inc has a one year low of $9.89 and a one year high of $27.30. The firm has a 50-day moving average of $19.71 and a 200-day moving average of $19.70. The company has a market cap of $9.22 billion, a P/E ratio of 2.12 and a beta of 1.78.
Equitable (NYSE:EQH) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.06). The company had revenue of $12.59 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $0.98 EPS. On average, equities research analysts predict that Equitable Holdings Inc will post 4.21 earnings per share for the current year.
EQH has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Equitable from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, July 14th. ValuEngine lowered shares of Equitable from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 29th. SunTrust Banks dropped their price objective on shares of Equitable from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Citigroup upgraded shares of Equitable from a “neutral” rating to a “buy” rating and lowered their target price for the company from $18.00 to $17.00 in a report on Friday, April 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $20.00 target price on shares of Equitable in a report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.38.
Equitable Holdings, Inc operates as a diversified financial services company worldwide. It 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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