First Trust Advisors LP Boosts Stock Holdings in AXA Equitable Holdings Inc (NYSE:EQH)

First Trust Advisors LP boosted its stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 12.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,305,153 shares of the company’s stock after buying an additional 376,244 shares during the period. First Trust Advisors LP’s holdings in AXA Equitable were worth $73,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in AXA Equitable by 14.3% during the second quarter. BlackRock Inc. now owns 30,017,399 shares of the company’s stock valued at $627,362,000 after acquiring an additional 3,744,780 shares in the last quarter. Vanguard Group Inc. lifted its position in AXA Equitable by 42.2% during the second quarter. Vanguard Group Inc. now owns 29,462,606 shares of the company’s stock valued at $615,769,000 after purchasing an additional 8,745,196 shares during the last quarter. Invesco Ltd. lifted its position in AXA Equitable by 160.9% during the second quarter. Invesco Ltd. now owns 20,928,587 shares of the company’s stock valued at $437,408,000 after purchasing an additional 12,907,089 shares during the last quarter. Pzena Investment Management LLC lifted its position in AXA Equitable by 8.7% during the second quarter. Pzena Investment Management LLC now owns 17,286,040 shares of the company’s stock valued at $361,278,000 after purchasing an additional 1,386,458 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in AXA Equitable by 18.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,428,934 shares of the company’s stock valued at $238,865,000 after purchasing an additional 1,819,129 shares during the last quarter. 58.31% of the stock is owned by institutional investors.

EQH has been the subject of several research reports. Royal Bank of Canada set a $26.00 price objective on shares of AXA Equitable and gave the company a “buy” rating in a research report on Friday, August 9th. ValuEngine lowered shares of AXA Equitable from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Co reiterated a “hold” rating and set a $22.00 price objective on shares of AXA Equitable in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of AXA Equitable from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Evercore ISI set a $28.00 target price on shares of AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.13.

AXA Equitable stock opened at $23.18 on Friday. The firm has a 50-day moving average price of $21.89 and a 200-day moving average price of $21.52. The firm has a market capitalization of $11.06 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.69 and a beta of 1.35. AXA Equitable Holdings Inc has a 12-month low of $14.72 and a 12-month high of $23.49.

AXA Equitable (NYSE:EQH) last released its earnings results on Wednesday, November 6th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.32. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.28 billion. AXA Equitable’s revenue was up 179.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. Equities analysts forecast that AXA Equitable Holdings Inc will post 4.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.59%. AXA Equitable’s dividend payout ratio (DPR) is presently 15.42%.

AXA Equitable Profile

AXA Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AXA Equitable Holdings Inc (NYSE:EQH).

Institutional Ownership by Quarter for AXA Equitable (NYSE:EQH)

Receive News & Ratings for AXA Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXA Equitable and related companies with MarketBeat.com's FREE daily email newsletter.