Several other analysts have also recently commented on EQH. Morgan Stanley decreased their target price on AXA Equitable from $28.00 to $27.00 and set an overweight rating on the stock in a report on Tuesday, August 20th. Royal Bank of Canada set a $26.00 price target on AXA Equitable and gave the company a buy rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of AXA Equitable from a hold rating to a strong-buy rating and set a $27.00 price target on the stock in a research report on Monday, November 11th. Evercore ISI set a $28.00 price objective on shares of AXA Equitable and gave the stock a buy rating in a report on Friday, August 9th. Finally, Wells Fargo & Co restated a hold rating and issued a $23.00 price objective on shares of AXA Equitable in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. AXA Equitable has a consensus rating of Hold and a consensus price target of $24.50.
NYSE EQH opened at $23.64 on Tuesday. The stock’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $21.74. AXA Equitable has a one year low of $14.72 and a one year high of $25.17. The firm has a market cap of $11.51 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.54%. AXA Equitable’s payout ratio is 15.42%.
In other news, major shareholder Axa sold 144,000,000 shares of AXA Equitable stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.80, for a total value of $3,139,200,000.00. Following the completion of the sale, the insider now directly owns 47,162,500 shares of the company’s stock, valued at approximately $1,028,142,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC raised its stake in shares of AXA Equitable by 55.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,334 shares of the company’s stock worth $30,000 after buying an additional 474 shares during the last quarter. Advisor Group Inc. grew its holdings in AXA Equitable by 38.4% during the 2nd quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock worth $44,000 after acquiring an additional 584 shares during the period. Metropolitan Life Insurance Co NY raised its position in shares of AXA Equitable by 18.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock valued at $116,000 after acquiring an additional 898 shares during the last quarter. Signaturefd LLC raised its position in shares of AXA Equitable by 118.2% during the 2nd quarter. Signaturefd LLC now owns 6,501 shares of the company’s stock valued at $136,000 after acquiring an additional 3,521 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of AXA Equitable by 1,837.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,990 shares of the company’s stock valued at $188,000 after acquiring an additional 8,526 shares during the last quarter. Institutional investors own 63.02% of the company’s stock.
AXA Equitable Company 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.
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