Russell Investments Group Ltd. grew its stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 815.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 267,786 shares of the company’s stock after acquiring an additional 238,528 shares during the period. Russell Investments Group Ltd.’s holdings in AXA Equitable were worth $5,744,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of AXA Equitable by 42.0% during the 3rd quarter. First Trust Advisors LP now owns 525,695 shares of the company’s stock valued at $11,276,000 after buying an additional 155,542 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of AXA Equitable during the 3rd quarter valued at about $2,117,000. Aperio Group LLC purchased a new position in shares of AXA Equitable during the 3rd quarter valued at about $5,252,000. United Services Automobile Association purchased a new position in shares of AXA Equitable during the 2nd quarter valued at about $454,000. Finally, Northern Trust Corp purchased a new position in shares of AXA Equitable during the 2nd quarter valued at about $15,238,000. Hedge funds and other institutional investors own 28.13% of the company’s stock.
Shares of EQH opened at $19.65 on Friday. AXA Equitable Holdings Inc has a 12-month low of $19.38 and a 12-month high of $23.21.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 26th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, November 23rd.
In related news, major shareholder Axa sold 60,000,000 shares of AXA Equitable stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $19.74, for a total transaction of $1,184,400,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on EQH. Zacks Investment Research raised AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 target price on shares of AXA Equitable in a research note on Friday, August 17th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.25.
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AXA Equitable Company Profile
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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