Crossmark Global Holdings Inc. Sells 1,083 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Crossmark Global Holdings Inc. cut its stake in Equitable Holdings, Inc. (NYSE:EQH) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,427 shares of the company’s stock after selling 1,083 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equitable were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EQH. Truist Financial Corp boosted its holdings in Equitable by 9.5% in the 4th quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock valued at $263,000 after purchasing an additional 684 shares during the period. Van ECK Associates Corp acquired a new position in shares of Equitable in the 4th quarter valued at $80,000. Summit Global Investments acquired a new position in shares of Equitable in the 4th quarter valued at $1,064,000. Amalgamated Bank raised its stake in shares of Equitable by 185.4% in the 4th quarter. Amalgamated Bank now owns 232,922 shares of the company’s stock valued at $7,756,000 after buying an additional 151,313 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of Equitable in the 4th quarter valued at $479,000. 92.70% of the stock is owned by institutional investors.

Equitable Trading Up 1.1 %

EQH opened at $42.52 on Friday. The stock has a market capitalization of $13.83 billion, a PE ratio of 13.16 and a beta of 1.43. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.50. The firm has a 50-day moving average price of $41.02 and a two-hundred day moving average price of $38.83.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. On average, research analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity

In related news, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $39.62, for a total transaction of $394,971.78. Following the transaction, the chief operating officer now owns 121,521 shares of the company’s stock, valued at approximately $4,814,662.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares of the company’s stock, valued at $28,635,021. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 9,969 shares of Equitable stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $39.62, for a total transaction of $394,971.78. Following the completion of the transaction, the chief operating officer now directly owns 121,521 shares in the company, valued at approximately $4,814,662.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,938 shares of company stock valued at $2,090,536. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQH shares. Jefferies Financial Group increased their price objective on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Wells Fargo & Company dropped their price objective on shares of Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Truist Financial increased their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group cut shares of Equitable from a “buy” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $43.00 in a research report on Tuesday, June 18th. Finally, Citigroup increased their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.09.

Equitable Company 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.