Amalgamated Bank Sells 5,870 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Amalgamated Bank lowered its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,240 shares of the company's stock after selling 5,870 shares during the quarter. Amalgamated Bank's holdings in Equitable were worth $7,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. MV Capital Management Inc. purchased a new stake in Equitable during the first quarter valued at $26,000. Bessemer Group Inc. increased its position in Equitable by 111.2% during the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. increased its position in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Mizuho Bank Ltd. increased its position in Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock valued at $53,000 after acquiring an additional 430 shares during the last quarter. Finally, McIlrath & Eck LLC increased its position in Equitable by 154.3% during the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock valued at $65,000 after acquiring an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on EQH shares. Evercore ISI reduced their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. UBS Group reduced their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. JPMorgan Chase & Co. upped their price target on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley upped their price target on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.64.

Equitable Stock Performance

EQH traded down $0.18 during midday trading on Friday, reaching $55.67. The company had a trading volume of 1,391,150 shares, compared to its average volume of 2,558,435. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. The business has a 50-day moving average of $53.08 and a two-hundred day moving average of $51.56. The company has a market cap of $16.92 billion, a P/E ratio of 15.13 and a beta of 1.15. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.61.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a return on equity of 79.05% and a net margin of 8.50%. The business's revenue was up 105.2% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $0.27 dividend. This is a positive change from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.94%. Equitable's dividend payout ratio is 29.35%.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total value of $352,698.06. Following the completion of the transaction, the chief operating officer owned 94,980 shares of the company's stock, valued at $5,025,391.80. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William James Iv Eckert sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $53.09, for a total value of $212,360.00. Following the completion of the transaction, the chief accounting officer directly owned 19,827 shares of the company's stock, valued at approximately $1,052,615.43. This trade represents a 16.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,332 shares of company stock worth $5,993,760. 1.10% of the stock is currently owned by insiders.

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.