Equitable Holdings Inc Stock Price, News & Analysis

Equitable Holdings (NYSE: EQH) has announced its latest dividend declarations. The company will pay a quarterly cash dividend of $0.27 per share of common stock, payable on June 9, 2025, to shareholders of record as of June 2, 2025.

Additionally, the company declared dividends on three preferred stock series:

• Series A: Quarterly dividend of $328.125 per share ($0.328125 per depositary share)
• Series B: Semi-annual dividend of $618.750 per share ($24.75 per depositary share)
• Series C: Quarterly dividend of $268.750 per share ($0.26875 per depositary share)

All preferred stock dividends will be payable on June 16, 2025, to holders of record as of June 4, 2025.

Equitable Holdings reported Q1 2025 results with net income of $63 million ($0.16 per share) and non-GAAP operating earnings of $421 million ($1.30 per share). Key highlights include:

• Strong net flows across segments: $1.6 billion in Retirement, $2.0 billion in Wealth Management, and $2.4 billion in Asset Management
• Total Assets Under Management reached $1.0 trillion, up 3% year-over-year
• Returned $335 million to shareholders through dividends and share repurchases
• Robust balance sheet with 425% combined NAIC RBC ratio and $1.1 billion in liquidity

The company is on track to close its life reinsurance transaction with RGA mid-2025, which will free over $2 billion in capital. In April, Equitable increased its ownership in AllianceBernstein to 69% through a $760 million unit purchase. The company plans an additional $500 million share repurchase post-RGA transaction closure.

Octane, a fintech company specializing in recreational purchases financing, has secured its largest forward-flow facility to date, valued at $700 million. The deal involves three major insurance partners: New York Life ($350 million), MetLife Investment Management ($200 million), and Equitable (NYSE: EQH) ($150 million).

The agreement will fund fixed-rate installment powersports loans originated by Octane's in-house lender, Roadrunner Financial. This partnership follows Octane's strong performance in 2024, with a 36% year-over-year growth in originations. The company has sold or committed to forward flow agreements exceeding $2 billion since late 2023, including a previous $500 million facility with AB CarVal in 2024.

Equitable Holdings (NYSE: EQH) has announced the completion of its tender offer for Series B Depositary Shares. The company successfully purchased 279,002 shares (62.79% of outstanding) at $1,000 per share, representing a total cost of approximately $283 million, excluding fees and expenses.

The tender offer targeted all 444,333 outstanding depositary shares, each representing a 1/25th interest in the company's 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B. The purchase price includes accrued, unpaid, and undeclared dividends from December 15, 2024, to April 11, 2025.

Equitable Holdings manages $1 trillion in assets under management and administration as of December 31, 2024, serving over 5 million clients globally through its subsidiaries Equitable, AllianceBernstein, and Equitable Advisors.

Equitable Holdings (NYSE: EQH) has completed its cash tender offer for AllianceBernstein Holding (NYSE: AB) units. The company accepted 19,682,946 units at $38.50 per unit, representing approximately 17.8% of outstanding Units as of December 31, 2024. The total cost of the purchase was approximately $757.8 million, excluding fees and expenses.

The tender offer, which expired on April 1, 2025, initially targeted up to 46,000,000 units for an aggregate purchase price of up to $1.8 billion. Following this transaction, Equitable will increase its economic interest in AllianceBernstein L.P. to approximately 68.6%.

Equitable Holdings (NYSE: EQH) has announced preliminary results of its cash tender offer for AllianceBernstein Holding (NYSE: AB) units. The offer, which expired on April 1, 2025, sought to purchase up to 46,000,000 units at $38.50 per unit, for a maximum aggregate value of $1.8 billion.

According to preliminary counts, 19,766,878 units were properly tendered, including 559,614 units tendered by notice of guaranteed delivery. Equitable expects to accept all tendered units for payment, representing approximately 17.9% of outstanding Units as of December 31, 2024, for an aggregate cost of approximately $761.0 million. Following the purchase, Equitable will hold an approximate 68.6% economic interest in AllianceBernstein L.P.

Equitable Holdings (NYSE: EQH) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 29, 2025, after market close. The company will host a conference call webcast to discuss the results on Wednesday, April 30, 2025, at 9:00 a.m. ET.

The earnings conference call webcast and additional materials will be available on the company's investor relations website at ir.equitableholdings.com. Interested participants must register in advance to receive dial-in details and a unique conference call code. Registration will remain open through the live call, with recommended registration at least 10 minutes before the call starts.

Equitable Holdings (NYSE: EQH) has extended its cash tender offer to purchase up to 46,000,000 units of AllianceBernstein Holding (NYSE: AB) at $38.50 per unit, representing a total potential purchase of approximately $1.8 billion. The offer's expiration time has been extended from March 24, 2025, to April 1, 2025.

Based on preliminary counts, 19,028,061 units have been properly tendered, including 1,394,553 units tendered by notice of guaranteed delivery. Equitable does not plan to further extend the expiration time or modify other terms. Current unitholders who have already tendered their units do not need to take additional action.

Equitable Holdings (NYSE: EQH) has announced a tender offer for all 444,333 outstanding Series B Depositary Shares, each representing a 1/25th interest in its 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B.

The company is offering to pay $1,000 per Series B Depositary Share, plus accrued, unpaid, and undeclared dividends from December 15, 2024, to the settlement date, expected to be April 11, 2025. The tender offer will expire on April 9, 2025, at 5:00 p.m. New York City time.

EQH plans to finance the tender offer through proceeds from a junior subordinated debt securities offering and cash on hand if necessary. The company, which manages $1 trillion in assets and serves over 5 million clients globally, may prioritize junior subordinated debt securities allocation to holders who tender their Series B Depositary Shares.