Fintel studies that on May 4, 2023, Morgan Stanley maintained protection of AXA Equitable Holdings (NYSE:EQH) with a Overweight advice.
Analyst Price Forecast Suggests 62.11% Upside
As of April 24, 2023, the common one-year price target for AXA Equitable Holdings is 37.27. The forecasts vary from a low of 26.26 to a excessive of $49.35. The common worth goal represents a rise of 62.11% from its newest reported closing worth of twenty-two.99.
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The projected annual income for AXA Equitable Holdings is 13,597MM, a lower of 0.90%. The projected annual non-GAAP EPS is 6.06.
AXA Equitable Holdings Declares $0.20 Dividend
On February 15, 2023 the corporate declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Shareholders of file as of February 27, 2023 obtained the fee on March 6, 2023. Previously, the corporate paid $0.20 per share.
At the present share worth of $22.99 / share, the stock’s dividend yield is 3.48%.
Looking again 5 years and taking a pattern each week, the common dividend yield has been 2.74%, the bottom has been 1.97%, and the best has been 5.76%. The commonplace deviation of yields is 0.54 (n=236).
The present dividend yield is 1.37 commonplace deviations above the historic common.
Additionally, the corporate’s dividend payout ratio is 0.22. The payout ratio tells us how a lot of an organization’s earnings is paid out in dividends. A payout ratio of 1 (1.0) means 100% of the corporate’s earnings is paid in a dividend. A payout ratio larger than one means the corporate is dipping into financial savings with the intention to preserve its dividend – not a wholesome state of affairs. Companies with few progress prospects are anticipated to pay out most of their earnings in dividends, which usually means a payout ratio between 0.5 and 1.0. Companies with good progress prospects are anticipated to retain some earnings with the intention to put money into these progress prospects, which interprets to a payout ratio of zero to 0.5.
The firm’s 3-Year dividend progress price is 0.47%, demonstrating that it has elevated its dividend over time.
What is the Fund Sentiment?
There are 890 funds or institutions reporting positions in AXA Equitable Holdings. This is a rise of 19 proprietor(s) or 2.18% within the final quarter. Average portfolio weight of all funds devoted to EQH is 0.33%, a lower of seven.06%. Total shares owned by establishments decreased within the final three months by 3.30% to 421,184K shares. The put/call ratio of EQH is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 32,669K shares representing 9.10% possession of the corporate. In it is prior submitting, the agency reported proudly owning 33,106K shares, representing a lower of 1.34%. The agency elevated its portfolio allocation in EQH by 5.54% over the past quarter.
Pzena Investment Management holds 22,606K shares representing 6.30% possession of the corporate. In it is prior submitting, the agency reported proudly owning 22,869K shares, representing a lower of 1.16%. The agency decreased its portfolio allocation in EQH by 4.09% over the past quarter.
Norges Bank holds 19,288K shares representing 5.37% possession of the corporate. In it is prior submitting, the agency reported proudly owning 0K shares, representing a rise of 100.00%.
Wellington Management Group Llp holds 19,011K shares representing 5.29% possession of the corporate. In it is prior submitting, the agency reported proudly owning 20,953K shares, representing a lower of 10.21%. The agency decreased its portfolio allocation in EQH by 6.97% over the past quarter.
Canada Pension Plan Investment Board holds 18,168K shares representing 5.06% possession of the corporate. No change within the final quarter.
Equitable Holdings Background Information
(This description is offered by the corporate.)
Equitable Holdings, Inc. is a monetary providers holding firm comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable gives recommendation, safety and retirement methods to people, households and small companies. AllianceBernstein is a world funding administration agency that gives high-quality analysis and diversified funding providers to institutional buyers, people and personal wealth purchasers in main world markets. Equitable Holdings has roughly 12,000 workers and monetary professionals, $809 billion in property beneath administration (as of 12/31/2020) and greater than 5 million shopper relationships globally.
See all AXA Equitable Holdings regulatory filings.
This story initially appeared on Fintel.
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