Robeco Institutional Asset Management B.V. Lowers Stock Holdings in AXA Equitable Holdings Inc (NYSE:EQH)

Robeco Institutional Asset Management B.V. reduced its position in AXA Equitable Holdings Inc (NYSE:EQH) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 460,964 shares of the company’s stock after selling 51,913 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of AXA Equitable worth $9,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of AXA Equitable by 40.4% during the 1st quarter. BlackRock Inc. now owns 26,272,619 shares of the company’s stock valued at $529,130,000 after buying an additional 7,558,072 shares during the period. Pzena Investment Management LLC lifted its holdings 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 acquiring an additional 1,607,184 shares in the last quarter. FMR LLC lifted its holdings in shares of AXA Equitable by 0.7% during the 1st quarter. FMR LLC now owns 5,966,246 shares of the company’s stock valued at $120,161,000 after acquiring an additional 41,598 shares in the last quarter. Poplar Forest Capital LLC lifted its holdings in shares of AXA Equitable by 32.2% during the 1st quarter. Poplar Forest Capital LLC now owns 2,341,418 shares of the company’s stock valued at $47,156,000 after acquiring an additional 569,964 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of AXA Equitable by 42.4% during the 4th quarter. Deutsche Bank AG now owns 1,681,716 shares of the company’s stock valued at $27,963,000 after acquiring an additional 500,350 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark Pearson acquired 49,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were purchased at an average price of $20.34 per share, for a total transaction of $996,660.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Axa sold 6,000,000 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $20.85, for a total transaction of $125,100,000.00. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Shares of NYSE:EQH traded down $0.04 during midday trading on Tuesday, hitting $19.79. 12,181 shares of the company’s stock traded hands, compared to its average volume of 2,954,607. The firm has a market capitalization of $10.16 billion, a P/E ratio of 5.13, a PEG ratio of 0.59 and a beta of 1.33. The firm has a fifty day moving average price of $21.62. AXA Equitable Holdings Inc has a twelve month low of $14.72 and a twelve month high of $23.21.

AXA Equitable (NYSE:EQH) last posted its earnings results on Thursday, May 9th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $3.15 billion. On average, sell-side analysts predict that AXA Equitable Holdings Inc will post 4.16 earnings per share for the current fiscal year.

EQH has been the topic of several recent research reports. ValuEngine lowered shares of AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Citigroup lifted their target price on shares of AXA Equitable from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research upgraded shares of AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.00.

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

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