Amalgamated Bank Sells 2,127 Shares of Equitable Holdings, Inc. $EQH

Amalgamated Bank reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,113 shares of the company’s stock after selling 2,127 shares during the quarter. Amalgamated Bank’s holdings in Equitable were worth $8,197,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BSW Wealth Partners grew its position in shares of Equitable by 5.9% in the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock worth $239,000 after buying an additional 238 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Equitable by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock valued at $253,000 after purchasing an additional 281 shares during the period. Mutual Advisors LLC lifted its stake in shares of Equitable by 5.3% in the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock valued at $316,000 after purchasing an additional 319 shares during the period. PDS Planning Inc lifted its stake in shares of Equitable by 9.3% in the 2nd quarter. PDS Planning Inc now owns 4,829 shares of the company’s stock valued at $271,000 after purchasing an additional 411 shares during the period. Finally, Ascent Group LLC lifted its stake in shares of Equitable by 6.6% in the 1st quarter. Ascent Group LLC now owns 6,874 shares of the company’s stock valued at $358,000 after purchasing an additional 424 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQH. Weiss Ratings restated a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Wells Fargo & Company raised their target price on Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Evercore ISI raised their target price on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their target price on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley lowered their target price on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the transaction, the chief operating officer owned 75,098 shares of the company’s stock, valued at $3,679,051.02. The trade was a 8.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 178,958 shares of company stock worth $9,362,262 over the last three months. 1.10% of the stock is owned by corporate insiders.

Equitable Stock Up 2.2%

Shares of NYSE:EQH opened at $49.39 on Friday. The stock has a fifty day simple moving average of $51.27 and a two-hundred day simple moving average of $51.99. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 39.83 and a beta of 1.10. Equitable Holdings, Inc. has a 12-month low of $41.39 and a 12-month high of $56.61. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94.

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.