Teacher Retirement System of Texas bought a new stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 80,468 shares of the company’s stock, valued at approximately $1,621,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of AXA Equitable during the 4th quarter valued at approximately $357,696,000. Canada Pension Plan Investment Board boosted its stake in shares of AXA Equitable by 41.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 16,555,432 shares of the company’s stock valued at $275,294,000 after buying an additional 4,868,432 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of AXA Equitable by 11.2% during the 1st quarter. Pzena Investment Management LLC now owns 15,899,582 shares of the company’s stock valued at $320,218,000 after buying an additional 1,607,184 shares during the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of AXA Equitable by 18.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 11,459,384 shares of the company’s stock valued at $190,570,000 after buying an additional 1,812,607 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of AXA Equitable by 70.8% during the 4th quarter. FMR LLC now owns 5,924,648 shares of the company’s stock valued at $98,527,000 after buying an additional 2,456,148 shares during the last quarter. Institutional investors own 48.87% of the company’s stock.

In related news, major shareholder Axa sold 46,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $19.99, for a total transaction of $919,540,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Shares of EQH stock traded up $0.48 on Tuesday, hitting $21.68. 8,162 shares of the stock traded hands, compared to its average volume of 2,892,048. The firm has a market cap of $10.55 billion and a P/E ratio of 5.52. AXA Equitable Holdings Inc has a 1-year low of $14.72 and a 1-year high of $23.21.

AXA Equitable (NYSE:EQH) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $3.22 billion. On average, equities research analysts forecast that AXA Equitable Holdings Inc will post 4.14 earnings per share for the current fiscal year.

Several research firms have recently commented on EQH. Zacks Investment Research cut AXA Equitable from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Wells Fargo & Co reissued a “hold” rating and set a $20.00 price target on shares of AXA Equitable in a research report on Thursday, February 28th. Barclays upped their price target on AXA Equitable from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Credit Suisse Group dropped their price target on AXA Equitable from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, Citigroup upped their price target on AXA Equitable from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.38.

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

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