Mackay Shields LLC Has $11.72 Million Stock Position in AXA Equitable Holdings Inc (NYSE:EQH)

Mackay Shields LLC boosted its position in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 528,821 shares of the company’s stock after acquiring an additional 92,831 shares during the period. Mackay Shields LLC owned approximately 0.11% of AXA Equitable worth $11,719,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Metropolitan Life Insurance Co NY boosted its holdings in shares of AXA Equitable by 18.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock worth $116,000 after acquiring an additional 898 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of AXA Equitable by 18.3% in the 2nd quarter. DNB Asset Management AS now owns 33,918 shares of the company’s stock worth $709,000 after acquiring an additional 5,253 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of AXA Equitable in the 2nd quarter worth approximately $4,853,000. WINTON GROUP Ltd acquired a new position in shares of AXA Equitable in the 2nd quarter worth approximately $239,000. Finally, Gulf International Bank UK Ltd boosted its holdings in shares of AXA Equitable by 3.1% in the 2nd quarter. Gulf International Bank UK Ltd now owns 51,973 shares of the company’s stock worth $1,086,000 after acquiring an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 59.07% of the company’s stock.

Shares of AXA Equitable stock opened at $24.00 on Friday. The firm has a fifty day moving average of $22.17 and a two-hundred day moving average of $21.59. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.70 and a beta of 1.35. AXA Equitable Holdings Inc has a 52 week low of $14.72 and a 52 week high of $24.22.

AXA Equitable (NYSE:EQH) last issued its earnings results on Wednesday, November 6th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.06 by $0.32. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.28 billion. The business’s revenue was up 179.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. On average, research analysts forecast that AXA Equitable Holdings Inc will post 4.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, November 15th. AXA Equitable’s payout ratio is 15.42%.

In other AXA Equitable news, major shareholder Axa sold 144,000,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $21.80, for a total transaction of $3,139,200,000.00. Following the completion of the sale, the insider now owns 47,162,500 shares in the company, valued at approximately $1,028,142,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Several research analysts have recently commented on EQH shares. ValuEngine downgraded AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Co reissued a “hold” rating and issued a $23.00 target price on shares of AXA Equitable in a report on Monday, November 11th. Zacks Investment Research raised AXA Equitable from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a report on Monday, November 11th. Evercore ISI set a $28.00 price objective on AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada set a $26.00 price objective on AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.50.

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

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