Equitable Holdings Inc Stock Price, News & Analysis

Equitable Holdings reported a strong Q1 2022 with net income of $573 million, reversing a loss of $1.5 billion from the previous year. Net inflows reached $12 billion, driving AUM growth to $856 billion, a 4% year-over-year increase. Non-GAAP operating earnings were $548 million ($1.36 per share), with notable items adjusted earnings at $615 million ($1.53 per share). The acquisition of CarVal Investors will enhance the Private Markets AUM to nearly $50 billion. Equitable plans to increase its quarterly cash dividend from $0.18 to $0.20, reflecting a commitment to shareholder returns.

Equitable Holdings (NYSE: EQH) has announced a three-year partnership with the Council of Chief State School Officers to enhance the National Teacher of the Year Program. This initiative aims to celebrate and support outstanding teachers across the U.S. who have demonstrated excellence in their profession.

The 2022 cohort features 56 educators, including Kurt Russell, honored as the National Teacher of the Year. Equitable will host events to recognize these educators starting May 3 with Nancy Parra-Quinlan in Arizona and culminating on June 6 with Kurt Russell at Oberlin High School.

Equitable Holdings, Inc. (NYSE: EQH) will announce its Q1 2022 financial results on May 9, 2022, after market close. A conference call to discuss these results is scheduled for May 10, 2022, at 9:00 a.m. ET. The call will be available on the investor relations website. Equitable Holdings is a financial services holding company managing approximately $908 billion in assets and servicing over 5 million clients globally. The company comprises Equitable and AllianceBernstein, focusing on financial advice and investment management.

Equitable Holdings announced that its subsidiary, AllianceBernstein (AB), will acquire CarVal Investors, a global private alternatives investment manager with $14.3 billion in assets under management (AUM). The deal, worth $750 million, will enhance AB's private markets platform to nearly $50 billion in AUM. The acquisition is expected to generate synergies, strengthen AB's position in private credit, and maintain EQH's cash flow at $1.5 billion. The transaction is set to close in Q2 2022 and is neutral to EQH's earnings per share (EPS) in the short term.

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share of common stock, payable on March 7, 2022, to shareholders on record as of February 28, 2022. Additionally, the company announced dividends for its preferred stock series: $328.125 on Series A and $268.75 on Series C, both payable on March 15, 2022, to record holders as of March 4, 2022. Equitable has approximately $908 billion in assets under management, underscoring its strong financial position.

Equitable Holdings reported a significant financial turnaround for the full year 2021, achieving Non-GAAP operating earnings of $2.8 billion ($6.58 per share), a 32% increase year-over-year. The company experienced $25 billion in net inflows, driving Assets Under Management (AUM) up 12% to $908 billion. Despite a net loss of $439 million, improved performance in capital-light business segments and a new $1.2 billion share repurchase program for 2022 were highlighted. Total capital returned to shareholders reached $1.9 billion in 2021, demonstrating strong capital management actions.

Equitable Holdings, Inc. (NYSE: EQH) announced that Robin M. Raju, Senior Executive Vice President and CFO, will speak at the 2022 Credit Suisse Financial Services Forum on February 17, 2022, at 4:20 p.m. ET. Interested parties can access a live audio webcast on the Equitable Holdings Investor Relations website and should log in 15 minutes before the event. A recording will be available post-event. Founded in 1859, Equitable offers financial services and manages approximately $871 billion in assets, serving over 5 million clients.

Equitable Holdings Inc. (NYSE:EQH) has partnered with StudentLoan Tech, Inc. to launch a free eligibility calculator for the Public Service Loan Forgiveness (PSLF) program. This initiative aims to assist employees in the non-profit sector with managing student loan repayments as federal forbearance approaches its end on May 1, 2022. The tool estimates potential loan forgiveness and outlines application steps. Recent changes to PSLF have simplified applications and expanded eligibility, which could benefit more borrowers.