AXA Equitable Holdings Inc (NYSE:EQH) was the target of some unusual options trading activity on Wednesday. Investors purchased 1,430 call options on the stock. This is an increase of approximately 1,026% compared to the average volume of 127 call options.
A number of equities analysts have weighed in on EQH shares. Zacks Investment Research raised shares of AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, November 19th. ValuEngine raised shares of AXA Equitable from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Wells Fargo & Co started coverage on shares of AXA Equitable in a research note on Tuesday, January 8th. They set a “market perform” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.62.
Shares of EQH stock opened at $18.54 on Thursday. AXA Equitable has a 52 week low of $14.72 and a 52 week high of $23.21.
AXA Equitable (NYSE:EQH) last issued its earnings results on Tuesday, November 13th. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.32. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Sell-side analysts expect that AXA Equitable will post 3.88 EPS for the current year.
In related news, major shareholder Axa sold 60,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were 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 this hyperlink. Corporate insiders own 0.06% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in shares of AXA Equitable by 20.0% in the 3rd quarter. Pzena Investment Management LLC now owns 14,103,921 shares of the company’s stock valued at $302,529,000 after acquiring an additional 2,353,431 shares during the period. Vanguard Group Inc raised its stake in shares of AXA Equitable by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 12,848,848 shares of the company’s stock valued at $275,608,000 after acquiring an additional 233,204 shares during the period. Vanguard Group Inc. raised its stake in shares of AXA Equitable by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,848,848 shares of the company’s stock valued at $275,608,000 after acquiring an additional 233,204 shares during the period. Thornburg Investment Management Inc. raised its stake in shares of AXA Equitable by 16.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 9,646,777 shares of the company’s stock valued at $206,923,000 after acquiring an additional 1,356,525 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in shares of AXA Equitable by 10.7% in the 3rd quarter. OppenheimerFunds Inc. now owns 9,374,675 shares of the company’s stock valued at $201,087,000 after acquiring an additional 907,548 shares during the period. 28.03% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Traders Buy High Volume of AXA Equitable Call Options (EQH)” was originally reported by Macon Daily and is owned by of Macon Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://macondaily.com/2019/01/31/traders-buy-high-volume-of-axa-equitable-call-options-eqh.html.
About AXA Equitable
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.
Featured Article: Investing in Dividend Stocks
Receive News & Ratings for AXA Equitable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXA Equitable and related companies with MarketBeat.com's FREE daily email newsletter.