Toronto Dominion Bank lowered its stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,016 shares of the company’s stock after selling 3,656 shares during the period. Toronto Dominion Bank’s holdings in AXA Equitable were worth $1,024,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of AXA Equitable by 14.3% during the 2nd quarter. BlackRock Inc. now owns 30,017,399 shares of the company’s stock worth $627,362,000 after purchasing an additional 3,744,780 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of AXA Equitable by 42.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,462,606 shares of the company’s stock worth $615,769,000 after acquiring an additional 8,745,196 shares during the last quarter. Invesco Ltd. increased its holdings in shares of AXA Equitable by 160.9% during the 2nd quarter. Invesco Ltd. now owns 20,928,587 shares of the company’s stock worth $437,408,000 after acquiring an additional 12,907,089 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of AXA Equitable by 8.7% during the 2nd quarter. Pzena Investment Management LLC now owns 17,286,040 shares of the company’s stock worth $361,278,000 after acquiring an additional 1,386,458 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of AXA Equitable by 18.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,428,934 shares of the company’s stock worth $238,865,000 after acquiring an additional 1,819,129 shares during the last quarter. Institutional investors own 58.26% of the company’s stock.
AXA Equitable stock traded up $0.01 during trading hours on Wednesday, hitting $20.19. The stock had a trading volume of 1,577 shares, compared to its average volume of 3,036,401. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 5.19, a P/E/G ratio of 0.65 and a beta of 1.37. AXA Equitable Holdings Inc has a one year low of $14.72 and a one year high of $22.93. The business’s 50 day simple moving average is $21.31 and its 200-day simple moving average is $21.42.
AXA Equitable (NYSE:EQH) last posted its earnings results on Thursday, August 8th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.03 by $0.11. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.22 billion. AXA Equitable’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, analysts anticipate that AXA Equitable Holdings Inc will post 4.25 EPS for the current fiscal year.
A number of research analysts have commented on the company. Zacks Investment Research raised AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, October 1st. Evercore ISI set a $28.00 price objective on AXA Equitable and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley dropped their price objective on AXA Equitable from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada set a $26.00 target price on AXA Equitable and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $22.00 target price on shares of AXA Equitable in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. AXA Equitable currently has a consensus rating of “Hold” and an average price target of $24.13.
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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