Morgan Stanley Maintains AXA Equitable Holdings (EQH) Overweight Recommendation


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.

See our leaderboard of companies with the biggest worth goal upside.

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?

EQH / AXA Equitable Holdings, Inc. Shares Held by Institutions

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.

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.

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