AMG National Trust Bank Has $847,000 Stake in Equitable Holdings, Inc. (NYSE:EQH)

AMG National Trust Bank trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 38.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,266 shares of the company's stock after selling 10,245 shares during the period. AMG National Trust Bank's holdings in Equitable were worth $847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EQH. MV Capital Management Inc. acquired a new position in Equitable during the 1st quarter worth approximately $26,000. Bessemer Group Inc. lifted its position in Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Mizuho Bank Ltd. lifted its position in Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares in the last quarter. McIlrath & Eck LLC lifted its position in Equitable by 154.3% during the 4th quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after acquiring an additional 841 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Equitable during the 1st quarter worth approximately $80,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Performance

EQH stock traded down $0.41 during trading on Thursday, reaching $52.58. 331,617 shares of the company's stock were exchanged, compared to its average volume of 2,765,249. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.39. Equitable Holdings, Inc. has a 1-year low of $36.46 and a 1-year high of $56.61. The company's fifty day moving average price is $53.53 and its 200-day moving average price is $52.05. The firm has a market cap of $15.86 billion, a PE ratio of 14.29 and a beta of 1.15.

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

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.05%. This is an increase from Equitable's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's dividend payout ratio is currently 29.35%.

Analyst Upgrades and Downgrades

EQH has been the topic of several analyst reports. UBS Group dropped their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Evercore ISI dropped their price objective on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price objective on Equitable from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Morgan Stanley restated an "overweight" rating and set a $68.00 price objective (up from $67.00) on shares of Equitable in a report on Monday, July 14th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $66.00 price objective (up from $61.00) on shares of Equitable in a report on Thursday, July 10th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $65.30.

Insiders Place Their Bets

In other Equitable news, 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 transaction, the chief accounting officer directly owned 19,827 shares of the company's stock, valued at $1,052,615.43. This represents a 16.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $52.22, for a total value of $1,566,600.00. Following the transaction, the chief executive officer directly owned 714,367 shares in the company, valued at approximately $37,304,244.74. This represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,666 shares of company stock valued at $7,145,208 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.