AXA Equitable Holdings Inc (NYSE:EQH) Given Average Recommendation of “Hold” by Analysts

AXA Equitable Holdings Inc (NYSE:EQH) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

A number of equities research analysts have commented on EQH shares. Zacks Investment Research upgraded shares of AXA Equitable from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Monday, November 11th. ValuEngine lowered shares of AXA Equitable from a “sell” rating to a “strong sell” rating in a report on Tuesday. Royal Bank of Canada set a $26.00 target price on AXA Equitable and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley decreased their target price on AXA Equitable from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Finally, Evercore ISI set a $28.00 price target on AXA Equitable and gave the stock a “buy” rating in a research note on Friday, August 9th.

In other news, major shareholder Axa sold 144,000,000 shares of AXA Equitable stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $21.80, for a total transaction of $3,139,200,000.00. Following the completion of the transaction, the insider now directly owns 47,162,500 shares in the company, valued at $1,028,142,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of AXA Equitable by 14.3% in the second quarter. BlackRock Inc. now owns 30,017,399 shares of the company’s stock valued at $627,362,000 after buying an additional 3,744,780 shares during the period. Vanguard Group Inc. lifted its holdings 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. boosted 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 worth $437,408,000 after purchasing an additional 12,907,089 shares during the period. Pzena Investment Management LLC increased its stake in shares of AXA Equitable by 8.7% in the second quarter. Pzena Investment Management LLC now owns 17,286,040 shares of the company’s stock worth $361,278,000 after purchasing an additional 1,386,458 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of AXA Equitable by 18.9% in 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 period. 63.02% of the stock is owned by institutional investors and hedge funds.

Shares of EQH opened at $24.33 on Friday. The firm has a market cap of $11.51 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. AXA Equitable has a 52-week low of $14.72 and a 52-week high of $25.17. The business’s 50 day moving average price is $23.14 and its two-hundred day moving average price is $21.76.

AXA Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.06 by $0.32. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business earned $1.23 EPS. The business’s quarterly revenue was up 179.6% compared to the same quarter last year. As a group, equities research analysts expect that AXA Equitable will post 4.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 2.47%. AXA Equitable’s payout ratio is 15.42%.

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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Analyst Recommendations for AXA Equitable (NYSE:EQH)

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