Amalgamated Bank Cuts Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Amalgamated Bank trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,360 shares of the company’s stock after selling 19,848 shares during the period. Amalgamated Bank’s holdings in Equitable were worth $6,614,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EQH. QRG Capital Management Inc. raised its stake in shares of Equitable by 3.7% during the third quarter. QRG Capital Management Inc. now owns 84,032 shares of the company’s stock worth $3,532,000 after acquiring an additional 3,034 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Equitable by 27.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 161,038 shares of the company’s stock worth $6,768,000 after purchasing an additional 34,262 shares during the period. National Pension Service lifted its stake in Equitable by 23,851.6% in the third quarter. National Pension Service now owns 396,399 shares of the company’s stock worth $16,661,000 after purchasing an additional 394,744 shares during the last quarter. Phillips Wealth Planners LLC bought a new position in shares of Equitable during the third quarter valued at about $208,000. Finally, AustralianSuper Pty Ltd purchased a new position in shares of Equitable in the third quarter worth about $7,045,000. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Mark Pearson sold 30,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EQH shares. Barclays raised their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citigroup boosted their price target on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company upped their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Truist Financial lifted their price target on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Trading Up 13.3 %

Shares of NYSE EQH opened at $50.40 on Thursday. Equitable Holdings, Inc. has a 52-week low of $25.88 and a 52-week high of $50.51. The company has a market cap of $15.97 billion, a PE ratio of -46.24 and a beta of 1.40. The firm’s 50 day moving average price is $43.03 and its 200-day moving average price is $41.32. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. Equitable’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. On average, equities research analysts expect that Equitable Holdings, Inc. will post 6.04 EPS for the current fiscal year.

About Equitable

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.