Amalgamated Bank Sells 3,250 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Amalgamated Bank reduced its position in Equitable Holdings, Inc. (NYSE:EQH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,110 shares of the company’s stock after selling 3,250 shares during the quarter. Amalgamated Bank’s holdings in Equitable were worth $7,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in EQH. Nordea Investment Management AB boosted its stake in shares of Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock valued at $74,126,000 after purchasing an additional 1,367,837 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Equitable by 1,092.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock valued at $41,302,000 after acquiring an additional 802,160 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Equitable by 20.7% in the fourth quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock valued at $120,529,000 after acquiring an additional 437,322 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in Equitable in the fourth quarter worth $19,144,000. Finally, National Pension Service increased its position in shares of Equitable by 23,851.6% during 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 in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Stock Performance

EQH opened at $54.13 on Thursday. 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 $32.96 and a 12-month high of $56.00. The firm has a 50 day moving average of $51.36 and a two-hundred day moving average of $46.64. The firm has a market capitalization of $16.96 billion, a PE ratio of 14.17 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. Equitable’s dividend payout ratio (DPR) is presently 25.13%.

Insider Transactions at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,549,500.00. Following the completion of the transaction, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares in the company, valued at approximately $4,677,776.25. This represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,698 shares of company stock worth $6,534,234 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.83.

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.