Janney Montgomery Scott LLC Invests $557,000 in AXA Equitable Holdings Inc (NYSE:EQH)
Janney Montgomery Scott LLC purchased a new position in AXA Equitable Holdings Inc (NYSE:EQH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,150 shares of the company’s stock, valued at approximately $557,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its stake in AXA Equitable by 77.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,242 shares of the company’s stock valued at $26,000 after purchasing an additional 544 shares during the last quarter. Advisor Group Inc. grew its stake in AXA Equitable by 38.4% during the 2nd quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock valued at $44,000 after purchasing an additional 584 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in 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 purchasing an additional 898 shares during the last quarter. Signaturefd LLC grew its stake in 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 purchasing an additional 3,521 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in 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 purchasing an additional 8,526 shares during the last quarter. 58.91% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on EQH shares. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Monday. Wells Fargo & Co reiterated a “hold” rating and set a $23.00 price target on shares of AXA Equitable in a research note on Monday. Morgan Stanley dropped their price target on AXA Equitable from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Evercore ISI set a $28.00 price target on AXA Equitable and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine downgraded AXA Equitable from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.50.
Shares of EQH stock opened at $23.10 on Thursday. The stock has a market cap of $11.53 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.35. The business has a 50-day simple moving average of $21.95 and a 200-day simple moving average of $21.53. AXA Equitable Holdings Inc has a 52-week low of $14.72 and a 52-week high of $23.90.
AXA Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.32. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. The business’s quarterly revenue was up 179.6% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. As a group, research analysts expect that AXA Equitable Holdings Inc will post 4.55 EPS for the current year.
The business also recently disclosed 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 is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.60%. AXA Equitable’s dividend payout ratio (DPR) is presently 15.42%.
About AXA Equitable
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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