Pentwater Capital Management LP Cuts Stake in AXA Equitable Holdings Inc (NYSE:EQH)

Pentwater Capital Management LP lessened its holdings in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 50.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,000 shares of the company’s stock after selling 100,000 shares during the quarter. Pentwater Capital Management LP’s holdings in AXA Equitable were worth $2,090,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its position in AXA Equitable by 77.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,242 shares of the company’s stock valued at $26,000 after acquiring an additional 544 shares in the last quarter. Advisor Group Inc. lifted its stake in AXA Equitable by 38.4% in the second quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock valued at $44,000 after buying an additional 584 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of AXA Equitable by 18.5% during the first 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 in the last quarter. Signaturefd LLC raised its stake in shares of AXA Equitable by 118.2% during the second quarter. Signaturefd LLC now owns 6,501 shares of the company’s stock valued at $136,000 after purchasing an additional 3,521 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of AXA Equitable by 1,837.5% during the second 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 in the last quarter. 58.26% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. ValuEngine lowered AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley decreased their price objective 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. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, August 14th. 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. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $22.00 price target on shares of AXA Equitable in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. AXA Equitable presently has a consensus rating of “Hold” and an average target price of $23.88.



In other AXA Equitable news, insider Mark Pearson purchased 49,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $20.34 per share, for a total transaction of $996,660.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Axa sold 6,000,000 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $20.85, for a total value of $125,100,000.00. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Shares of AXA Equitable stock traded up $0.50 during trading hours on Friday, hitting $22.69. The company’s stock had a trading volume of 85,344 shares, compared to its average volume of 1,979,700. AXA Equitable Holdings Inc has a 12 month low of $14.72 and a 12 month high of $22.93. The stock has a 50 day moving average of $20.83 and a 200 day moving average of $21.27. The company has a market capitalization of $10.80 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

AXA Equitable (NYSE:EQH) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.03 by $0.11. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that AXA Equitable Holdings Inc will post 4.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.60 annualized dividend and a yield of 2.64%. AXA Equitable’s payout ratio is currently 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.

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

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