AMG National Trust Bank Sells 16,298 Shares of Equitable Holdings, Inc. (NYSE:EQH)

AMG National Trust Bank trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,339 shares of the company's stock after selling 16,298 shares during the period. AMG National Trust Bank's holdings in Equitable were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQH. Covestor Ltd increased its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. &PARTNERS increased its stake in Equitable by 0.7% in the second quarter. &PARTNERS now owns 34,328 shares of the company's stock valued at $1,403,000 after acquiring an additional 254 shares during the last quarter. iA Global Asset Management Inc. increased its stake in Equitable by 4.8% in the first quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company's stock valued at $233,000 after acquiring an additional 280 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock worth $288,000 after buying an additional 332 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Equitable by 4.4% during the first quarter. US Bancorp DE now owns 10,068 shares of the company's stock worth $383,000 after buying an additional 423 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Trading Up 0.3 %

Shares of NYSE:EQH traded up $0.13 on Wednesday, reaching $46.73. 1,794,519 shares of the company traded hands, compared to its average volume of 2,495,880. The business's 50-day simple moving average is $44.26 and its 200 day simple moving average is $41.99. Equitable Holdings, Inc. has a 52 week low of $28.18 and a 52 week high of $50.51. The stock has a market capitalization of $14.64 billion, a P/E ratio of -42.76 and a beta of 1.40. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. Equitable's revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.05%. Equitable's dividend payout ratio (DPR) is presently -88.07%.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable 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 completion of the sale, the chief executive officer now owns 668,555 shares of the company's stock, valued at approximately $27,263,672.90. The trade was a 4.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 3,500 shares of the business's stock in a transaction 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 sale, the chief accounting officer now directly owns 19,321 shares of the company's stock, valued at approximately $819,596.82. The trade was a 15.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,166 shares of company stock worth $5,709,605 over the last three months. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.