Denali Advisors LLC raised its holdings in AXA Equitable Holdings Inc (NYSE:EQH) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,800 shares of the company’s stock after buying an additional 6,600 shares during the period. Denali Advisors LLC’s holdings in AXA Equitable were worth $5,292,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in shares of AXA Equitable by 94.3% in the second quarter. Asset Management One Co. Ltd. now owns 291,833 shares of the company’s stock valued at $6,099,000 after purchasing an additional 141,631 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of AXA Equitable by 18.1% in the second quarter. Daiwa Securities Group Inc. now owns 11,752 shares of the company’s stock valued at $246,000 after purchasing an additional 1,800 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of AXA Equitable in the second quarter valued at about $345,000. Xact Kapitalforvaltning AB purchased a new stake in shares of AXA Equitable in the first quarter valued at about $1,164,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of AXA Equitable in the second quarter valued at about $1,957,000. 58.26% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on EQH shares. Royal Bank of Canada set a $26.00 target price on shares of AXA Equitable and gave the company a “buy” rating in a report on Friday, August 9th. Evercore ISI set a $28.00 price objective on shares of AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 1st. Morgan Stanley decreased their price objective on shares of AXA Equitable from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Finally, ValuEngine downgraded shares of AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.13.
AXA Equitable (NYSE:EQH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.22 billion. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. As a group, equities analysts predict that AXA Equitable Holdings Inc will post 4.25 EPS for the current 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.
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