Treasurer of the State of North Carolina Increases Stock Holdings in AXA Equitable Holdings Inc (NYSE:EQH)

Treasurer of the State of North Carolina increased its holdings in AXA Equitable Holdings Inc (NYSE:EQH) by 23.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,788 shares of the company’s stock after purchasing an additional 27,350 shares during the period. Treasurer of the State of North Carolina’s holdings in AXA Equitable were worth $3,026,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in AXA Equitable by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 1,265,795 shares of the company’s stock valued at $21,021,000 after acquiring an additional 158,532 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in AXA Equitable by 12.0% in the first quarter. Parametric Portfolio Associates LLC now owns 440,250 shares of the company’s stock valued at $8,867,000 after acquiring an additional 47,116 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in AXA Equitable by 18.8% in the first quarter. Pictet Asset Management Ltd. now owns 88,027 shares of the company’s stock valued at $1,773,000 after acquiring an additional 13,929 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in AXA Equitable in the first quarter valued at $1,164,000. Finally, State of Wisconsin Investment Board boosted its holdings in AXA Equitable by 0.6% in the first quarter. State of Wisconsin Investment Board now owns 494,091 shares of the company’s stock valued at $9,951,000 after acquiring an additional 2,905 shares during the last quarter. 58.26% of the stock is owned by institutional investors and hedge funds.

EQH has been the topic of a number of recent research reports. Wells Fargo & Co restated a “hold” rating and set a $22.00 price objective on shares of AXA Equitable in a research note on Thursday, August 8th. Royal Bank of Canada set a $26.00 price objective on AXA Equitable and gave the stock a “buy” rating in a research note on Friday, August 9th. ValuEngine cut AXA Equitable from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Evercore ISI set a $28.00 price objective on AXA Equitable and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.13.

Shares of NYSE EQH opened at $20.21 on Wednesday. AXA Equitable Holdings Inc has a 1 year low of $14.72 and a 1 year high of $22.93. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 0.65 and a beta of 1.37. The stock’s 50-day simple moving average is $21.31 and its 200-day simple moving average is $21.42.

AXA Equitable (NYSE:EQH) last announced its earnings results on Thursday, August 8th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.11. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, research analysts expect that AXA Equitable Holdings Inc will post 4.25 EPS for the current fiscal year.

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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

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