Federated Investors Inc. PA Acquires New Holdings in AXA Equitable Holdings Inc (EQH)

Federated Investors Inc. PA acquired a new stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,943 shares of the company’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQH. Public Employees Retirement Association of Colorado purchased a new stake in AXA Equitable during the second quarter valued at about $105,000. Amalgamated Bank purchased a new stake in AXA Equitable during the second quarter valued at about $321,000. Levin Capital Strategies L.P. purchased a new stake in AXA Equitable during the second quarter valued at about $364,000. State of Wisconsin Investment Board purchased a new stake in AXA Equitable during the second quarter valued at about $557,000. Finally, Russell Investments Group Ltd. purchased a new stake in AXA Equitable during the second quarter valued at about $596,000. 28.74% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on EQH. JPMorgan Chase & Co. began coverage on shares of AXA Equitable in a report on Monday, June 4th. They set a “neutral” rating and a $25.00 price objective on the stock. Barclays began coverage on shares of AXA Equitable in a report on Monday, June 4th. They set an “equal weight” rating and a $24.00 price objective on the stock. Royal Bank of Canada began coverage on shares of AXA Equitable in a report on Monday, June 4th. They set an “outperform” rating and a $26.00 price objective on the stock. Citigroup began coverage on shares of AXA Equitable in a report on Tuesday, June 5th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of AXA Equitable in a report on Monday, June 4th. They issued an “outperform” rating and a $27.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.45.

Shares of AXA Equitable stock opened at $22.21 on Tuesday. AXA Equitable Holdings Inc has a 12-month low of $19.50 and a 12-month high of $23.21.

AXA Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AXA Equitable’s revenue for the quarter was down 23.7% compared to the same quarter last year. research analysts expect that AXA Equitable Holdings Inc will post 3.54 EPS for the current year.

The company also recently declared a special dividend, which was paid on Thursday, August 30th. Stockholders of record on Thursday, August 23rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd.

AXA Equitable Company Profile

AXA Equitable Holdings, Inc provides various financial services 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, which are primarily sold to affluent and high net worth individuals.

Further Reading: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AXA Equitable Holdings Inc (NYSE:EQH).

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

Receive News & Ratings for AXA Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXA Equitable and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply