Equitable Holdings, Inc. (EQH) To Go Ex-Dividend on November 26th

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Tuesday, November 26th will be paid a dividend of 0.24 per share on Tuesday, December 3rd. This represents a $0.96 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 26th.

Equitable has raised its dividend by an average of 9.2% annually over the last three years. Equitable has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Equitable to earn $7.19 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 13.4%.

Equitable Price Performance

Shares of NYSE:EQH opened at $47.62 on Friday. The business has a fifty day simple moving average of $44.72 and a 200-day simple moving average of $42.13. Equitable has a 52 week low of $28.86 and a 52 week high of $50.51. The company has a market cap of $14.92 billion, a P/E ratio of -43.69 and a beta of 1.40. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm posted $1.15 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Equities research analysts forecast that Equitable will post 6.05 EPS for the current year.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the completion of the sale, the chief operating officer now directly owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,166 shares of company stock valued at $5,709,605. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Truist Financial upped their price target on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Barclays upped their target price on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.70.

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.