Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by AMG National Trust Bank

AMG National Trust Bank trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 38.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EQH. Covestor Ltd grew its stake in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Equitable during the first quarter valued at $28,000. LRI Investments LLC purchased a new position in Equitable in the first quarter valued at $45,000. Carolina Wealth Advisors LLC acquired a new position in shares of Equitable in the third quarter worth about $48,000. Finally, UMB Bank n.a. boosted its stake in shares of Equitable by 86.3% during the 3rd 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. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now directly owns 648,555 shares of the company’s stock, valued at $30,760,963.65. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,166 shares of company stock worth $5,709,605. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EQH shares. Morgan Stanley reduced their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company lifted their price target 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. Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. 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. Finally, Citigroup raised their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Equitable Stock Down 1.1 %

Shares of EQH opened at $46.61 on Wednesday. Equitable Holdings, Inc. has a 52-week low of $28.02 and a 52-week high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $44.26 and a two-hundred day simple moving average of $41.99. The company has a market capitalization of $14.60 billion, a PE ratio of -42.76 and a beta of 1.40.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is presently -88.07%.

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.