Amalgamated Bank Sells 33,506 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Amalgamated Bank lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 177,208 shares of the company’s stock after selling 33,506 shares during the period. Amalgamated Bank’s holdings in Equitable were worth $7,241,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. &PARTNERS grew its position in shares of Equitable by 0.7% in the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after buying an additional 254 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of Equitable by 4.8% in the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company’s stock valued at $233,000 after buying an additional 280 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Equitable by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 88,548 shares of the company’s stock valued at $2,949,000 after buying an additional 329 shares during the last quarter. TCW Group Inc. boosted its position in shares of Equitable by 0.5% during the 4th quarter. TCW Group Inc. now owns 71,986 shares of the company’s stock valued at $2,397,000 after purchasing an additional 371 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Equitable by 26.4% during the 1st quarter. GAMMA Investing LLC now owns 1,939 shares of the company’s stock valued at $74,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Up 2.7 %

EQH stock opened at $42.47 on Friday. The stock’s 50 day simple moving average is $40.89 and its 200 day simple moving average is $39.39. Equitable Holdings, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $13.81 billion, a P/E ratio of 13.15 and a beta of 1.42.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, research analysts expect that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EQH shares. Citigroup upped their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Barclays started coverage on Equitable in a research report on Wednesday, September 4th. They set an “overweight” rating and a $59.00 target price on the stock. UBS Group lowered Equitable from a “buy” rating to a “neutral” rating and upped their target price for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. JPMorgan Chase & Co. upped their target price on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Truist Financial upped their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.64.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the sale, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the sale, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at $28,635,021. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the sale, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The disclosure for this sale can be found here. Insiders sold a total of 69,969 shares of company stock valued at $2,918,964 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.