Northern Trust Corp Invests $15.24 Million in AXA Equitable Holdings Inc (EQH)

Northern Trust Corp bought a new position in shares of AXA Equitable Holdings Inc (NYSE:EQH) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 739,361 shares of the company’s stock, valued at approximately $15,238,000. Northern Trust Corp owned about 0.13% of AXA Equitable as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of AXA Equitable in the second quarter worth about $6,458,000. Public Employees Retirement System of Ohio bought a new stake in shares of AXA Equitable in the second quarter worth about $1,136,000. California Public Employees Retirement System bought a new stake in shares of AXA Equitable in the second quarter worth about $1,679,000. Millennium Management LLC bought a new stake in shares of AXA Equitable in the second quarter worth about $48,578,000. Finally, Marshall Wace LLP bought a new stake in shares of AXA Equitable in the second quarter worth about $3,018,000. Institutional investors own 28.88% of the company’s stock.

EQH stock opened at $20.61 on Monday. AXA Equitable Holdings Inc has a fifty-two week low of $19.50 and a fifty-two week high of $23.21.

AXA Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, August 14th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. The firm’s quarterly revenue was down 23.7% compared to the same quarter last year. As a group, analysts anticipate that AXA Equitable Holdings Inc will post 3.56 earnings per share for the current fiscal year.

EQH has been the subject of several recent analyst reports. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, October 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 price objective on shares of AXA Equitable in a research report on Friday, August 17th. Barclays reduced their price objective on AXA Equitable from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Finally, Morgan Stanley reduced their price objective on AXA Equitable from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, July 11th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.25.

About AXA Equitable

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.

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

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