AXA Equitable (NYSE:EQH) Price Target Cut to $23.00

AXA Equitable (NYSE:EQH) had its price objective lowered by Credit Suisse Group from $24.00 to $23.00 in a research note released on Wednesday, April 3rd, Stock Target Advisor reports. Credit Suisse Group currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of AXA Equitable from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Friday, December 7th. Wells Fargo & Co reissued a hold rating and issued a $20.00 price objective on shares of AXA Equitable in a research note on Thursday, February 28th. Barclays lifted their price objective on shares of AXA Equitable from $18.00 to $20.00 and gave the stock an equal weight rating in a research note on Monday, April 1st. Finally, ValuEngine raised shares of AXA Equitable from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $24.31.

EQH opened at $22.15 on Wednesday. The company has a market capitalization of $11.15 billion and a price-to-earnings ratio of 5.69. AXA Equitable has a 1-year low of $14.72 and a 1-year high of $23.21.

In other AXA Equitable news, major shareholder Axa sold 46,000,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $19.99, for a total value of $919,540,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. American International Group Inc. raised its holdings in shares of AXA Equitable by 44.6% in the 4th quarter. American International Group Inc. now owns 3,610 shares of the company’s stock valued at $60,000 after purchasing an additional 1,114 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of AXA Equitable by 44.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock worth $81,000 after acquiring an additional 1,507 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of AXA Equitable by 6.0% during the 4th quarter. Rafferty Asset Management LLC now owns 34,363 shares of the company’s stock worth $571,000 after acquiring an additional 1,955 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of AXA Equitable by 42.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,219 shares of the company’s stock worth $120,000 after acquiring an additional 2,138 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of AXA Equitable by 64.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,416 shares of the company’s stock worth $123,000 after acquiring an additional 2,895 shares in the last quarter. Institutional investors and hedge funds own 48.03% of the company’s stock.

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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