Meadow Creek Investment Management LLC Acquires 82,068 Shares of AXA Equitable Holdings Inc (NYSE:EQH)
Meadow Creek Investment Management LLC increased its holdings in AXA Equitable Holdings Inc (NYSE:EQH) by 66.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,052 shares of the company’s stock after buying an additional 82,068 shares during the period. Meadow Creek Investment Management LLC’s holdings in AXA Equitable were worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQH. Geode Capital Management LLC increased its stake in AXA Equitable by 14.3% during the 4th quarter. Geode Capital Management LLC now owns 1,265,795 shares of the company’s stock worth $21,021,000 after acquiring an additional 158,532 shares during the period. Strs Ohio acquired a new stake in shares of AXA Equitable during the 1st quarter worth $61,000. Janus Henderson Group PLC acquired a new stake in shares of AXA Equitable during the 1st quarter worth $2,193,000. Public Employees Retirement Association of Colorado increased its position in shares of AXA Equitable by 450.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 39,753 shares of the company’s stock worth $801,000 after purchasing an additional 32,534 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in AXA Equitable by 95.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 512,877 shares of the company’s stock valued at $10,330,000 after purchasing an additional 250,000 shares in the last quarter. Institutional investors own 60.90% of the company’s stock.
Shares of AXA Equitable stock traded down $0.06 during trading on Wednesday, reaching $21.63. 870,901 shares of the company’s stock were exchanged, compared to its average volume of 1,861,667. AXA Equitable Holdings Inc has a 1-year low of $14.72 and a 1-year high of $22.93. The company has a market cap of $10.54 billion, a P/E ratio of 5.56, a PEG ratio of 0.65 and a beta of 1.36. The firm’s 50-day moving average price is $20.94 and its 200 day moving average price is $21.16.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.77%. AXA Equitable’s dividend payout ratio (DPR) is currently 15.42%.
In other AXA Equitable news, major shareholder Axa sold 6,000,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $20.85, for a total transaction of $125,100,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Pearson purchased 49,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $20.34 per share, with a total value of $996,660.00. The disclosure for this purchase can be found here. 0.16% of the stock is currently owned by corporate insiders.
EQH has been the subject of several recent analyst reports. Evercore ISI set a $28.00 price objective on shares of AXA Equitable and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research raised shares of AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, August 14th. ValuEngine lowered shares of AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Co restated a “hold” rating and issued a $22.00 target price on shares of AXA Equitable in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.88.
About AXA Equitable
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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