Equitable Holdings, Inc. (EQH) To Go Ex-Dividend on June 3rd

Equitable Holdings, Inc. (NYSE:EQHGet Free Report) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.24 per share on Monday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Monday, June 3rd. This is an increase from Equitable’s previous quarterly dividend of $0.22.

Equitable has increased its dividend payment by an average of 9.2% per year over the last three years and has raised its dividend every year for the last 5 years.

Equitable Stock Down 0.0 %

Shares of Equitable stock opened at $41.49 on Friday. The firm has a market cap of $13.49 billion, a P/E ratio of 12.85 and a beta of 1.40. Equitable has a fifty-two week low of $24.23 and a fifty-two week high of $41.64. The business has a 50-day moving average price of $38.43 and a 200 day moving average price of $34.76.

Equitable (NYSE:EQHGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities research analysts anticipate that Equitable will post 6.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on EQH shares. Morgan Stanley upped their target price on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Jefferies Financial Group upped their target price on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods upped their target price on Equitable from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Wells Fargo & Company lowered their target price on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Finally, Truist Financial upped their target price on Equitable from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.10.

Check Out Our Latest Research Report on EQH

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.66, for a total value of $1,129,800.00. Following the completion of the sale, the chief executive officer now directly owns 695,025 shares in the company, valued at $26,174,641.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equitable news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.66, for a total value of $1,129,800.00. Following the completion of the sale, the chief executive officer now directly owns 695,025 shares in the company, valued at $26,174,641.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bertram L. Scott sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $35.29, for a total value of $247,030.00. Following the completion of the sale, the director now owns 20,902 shares of the company’s stock, valued at $737,631.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,411 shares of company stock worth $8,980,534. Company insiders own 1.10% of the company’s stock.

About Equitable

(Get Free Report)

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.

See Also

Dividend History for Equitable (NYSE:EQH)

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