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

Amalgamated Bank trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,360 shares of the company's stock after selling 19,848 shares during the quarter. Amalgamated Bank's holdings in Equitable were worth $6,614,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in shares of Equitable in the first quarter worth $28,000. LRI Investments LLC acquired a new position in shares of Equitable in the first quarter worth $45,000. Carolina Wealth Advisors LLC acquired a new position in shares of Equitable in the third quarter worth $48,000. UMB Bank n.a. grew its stake in shares of Equitable by 86.3% in the third quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock worth $65,000 after acquiring an additional 718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Equitable by 141.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company's stock worth $96,000 after acquiring an additional 1,526 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQH. Morgan Stanley lowered their target price on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, August 19th. Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Citigroup upped their price objective on shares of Equitable from $41.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, Truist Financial upped their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.70.

Equitable Stock Down 4.1 %

NYSE EQH traded down $2.08 during trading hours on Thursday, hitting $48.32. 2,949,295 shares of the stock were exchanged, compared to its average volume of 2,505,417. Equitable Holdings, Inc. has a 12-month low of $25.88 and a 12-month high of $50.51. The stock has a 50-day moving average of $43.03 and a 200 day moving average of $41.32. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 85.96%. The firm's revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. Sell-side analysts predict that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

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.