Tdam USA Inc. Buys 3,827 Shares of AXA Equitable Holdings Inc (NYSE:EQH)
Tdam USA Inc. increased its holdings in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,641 shares of the company’s stock after purchasing an additional 3,827 shares during the quarter. Tdam USA Inc.’s holdings in AXA Equitable were worth $7,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in EQH. YorkBridge Wealth Partners LLC grew its position in shares of AXA Equitable by 77.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,242 shares of the company’s stock worth $26,000 after purchasing an additional 544 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of AXA Equitable during the first quarter worth about $42,000. Advisor Group Inc. grew its position in shares of AXA Equitable by 38.4% during the second quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock worth $44,000 after purchasing an additional 584 shares in the last quarter. Strs Ohio purchased a new stake in shares of AXA Equitable during the first quarter worth about $61,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of AXA Equitable by 44.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock worth $81,000 after purchasing an additional 1,507 shares in the last quarter. 52.51% of the stock is currently owned by hedge funds and other institutional investors.
EQH has been the subject of several research analyst reports. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 23rd. ValuEngine lowered AXA Equitable from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Royal Bank of Canada set a $26.00 price target on AXA Equitable and gave the company a “buy” rating in a research note on Friday. Evercore ISI set a $28.00 price target on AXA Equitable and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Co reissued a “hold” rating and set a $22.00 price target on shares of AXA Equitable in a research note on Thursday, August 8th. One 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 stock. AXA Equitable currently has an average rating of “Hold” and a consensus target price of $24.25.
AXA Equitable (NYSE:EQH) last issued its quarterly 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 the consensus estimate of $3.22 billion. During the same period in the prior year, the business posted $0.90 earnings per share. AXA Equitable’s revenue was up 6.7% on a year-over-year basis. Research analysts expect that AXA Equitable Holdings Inc will post 4.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, August 21st. AXA Equitable’s dividend payout ratio is currently 15.42%.
In other AXA Equitable news, insider Mark Pearson acquired 49,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was purchased at an average price of $20.34 per share, with a total value of $996,660.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Axa sold 40,000,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $20.85, for a total value of $834,000,000.00. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
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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