Axa Sells 6,000,000 Shares of AXA Equitable Holdings Inc (NYSE:EQH) Stock

AXA Equitable Holdings Inc (NYSE:EQH) major shareholder Axa sold 6,000,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $20.85, for a total transaction of $125,100,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Axa also recently made the following trade(s):

  • On Friday, June 7th, Axa sold 40,000,000 shares of AXA Equitable stock. The shares were sold at an average price of $20.85, for a total transaction of $834,000,000.00.

NYSE EQH opened at $21.90 on Wednesday. The business has a 50-day moving average of $21.08. The company has a market capitalization of $10.72 billion, a PE ratio of 5.63, a PEG ratio of 0.65 and a beta of 1.32. AXA Equitable Holdings Inc has a 12 month low of $14.72 and a 12 month high of $23.21.



AXA Equitable (NYSE:EQH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $3.15 billion. On average, sell-side analysts expect that AXA Equitable Holdings Inc will post 4.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, June 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from AXA Equitable’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%. AXA Equitable’s dividend payout ratio is 15.42%.

A number of large investors have recently added to or reduced their stakes in EQH. Norges Bank purchased a new stake in AXA Equitable in the fourth quarter worth about $357,696,000. BlackRock Inc. lifted its stake in AXA Equitable by 40.4% in the first quarter. BlackRock Inc. now owns 26,272,619 shares of the company’s stock worth $529,130,000 after acquiring an additional 7,558,072 shares during the period. FMR LLC lifted its stake in AXA Equitable by 70.8% in the fourth quarter. FMR LLC now owns 5,924,648 shares of the company’s stock worth $98,527,000 after acquiring an additional 2,456,148 shares during the period. Pzena Investment Management LLC lifted its stake in AXA Equitable by 11.2% in the first quarter. Pzena Investment Management LLC now owns 15,899,582 shares of the company’s stock worth $320,218,000 after acquiring an additional 1,607,184 shares during the period. Finally, Bank of America Corp DE lifted its stake in AXA Equitable by 527.1% in the fourth quarter. Bank of America Corp DE now owns 1,564,445 shares of the company’s stock worth $26,017,000 after acquiring an additional 1,314,957 shares during the period. 50.90% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of AXA Equitable from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Zacks Investment Research upgraded shares of AXA Equitable from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, May 17th. Credit Suisse Group cut their price target on shares of AXA Equitable from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Finally, Barclays upped their price target on shares of AXA Equitable from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. AXA Equitable currently has a consensus rating of “Hold” and a consensus price target of $23.14.

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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