Federated Investors Inc. PA purchased a new stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 modified their holdings of EQH. Public Employees Retirement Association of Colorado bought a new position in AXA Equitable during the second quarter valued at approximately $105,000. Amalgamated Bank bought a new position in AXA Equitable during the second quarter valued at approximately $321,000. Levin Capital Strategies L.P. bought a new position in AXA Equitable during the second quarter valued at approximately $364,000. State of Wisconsin Investment Board bought a new position in AXA Equitable during the second quarter valued at approximately $557,000. Finally, Russell Investments Group Ltd. bought a new position in AXA Equitable during the second quarter valued at approximately $596,000. Institutional investors and hedge funds own 28.74% of the company’s stock.

Shares of AXA Equitable stock opened at $22.21 on Tuesday. AXA Equitable Holdings Inc has a 52-week low of $19.50 and a 52-week high of $23.21.

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

The company also recently announced 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 was Wednesday, August 22nd.

EQH has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of AXA Equitable in a research report on Tuesday, June 5th. They set a “buy” rating and a $26.00 price target on the stock. Deutsche Bank initiated coverage on shares of AXA Equitable in a research report on Monday, June 4th. They set a “buy” rating and a $25.00 price target on the stock. SunTrust Banks initiated coverage on shares of AXA Equitable in a research report on Monday, June 4th. They set a “buy” rating and a $27.00 price target on the stock. Goldman Sachs Group initiated coverage on shares of AXA Equitable in a research report on Monday, June 4th. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price target on shares of AXA Equitable in a research report on Friday, August 17th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.45.

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: NASDAQ Stock Market Explained

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.