Fintel reports that on April 6, 2023, Barclays maintained coverage of AXA Equitable Holdings (NYSE:EQH) with a Overweight recommendation.
Analyst Price Forecast Suggests 58.54% Upside
As of April 6, 2023, the average one-year price target for AXA Equitable Holdings is $38.52. The forecasts range from a low of $26.26 to a high of $50.40. The average price target represents an increase of 58.54% from its latest reported closing price of $24.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AXA Equitable Holdings is $13,597MM, a decrease of 3.00%. The projected annual non-GAAP EPS is $6.06.
AXA Equitable Holdings Declares $0.20 Dividend
On February 15, 2023 the company declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Shareholders of record as of February 27, 2023 received the payment on March 6, 2023. Previously, the company paid $0.20 per share.
At the current share price of $24.30 / share, the stock's dividend yield is 3.29%. Looking back five years and taking a sample every week, the average dividend yield has been 2.74%, the lowest has been 1.97%, and the highest has been 5.76%. The standard deviation of yields is 0.54 (n=232).
The current dividend yield is 1.03 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
BlackRock Funds II - BLACKROCK MULTI-ASSET INCOME PORTFOLIO INVESTOR C SHARES holds 150K shares representing 0.04% ownership of the company. No change in the last quarter.
Wolff Wiese Magana holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
FNPIX - Financials Ultrasector Profund Investor Class holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing a decrease of 6.88%. The firm decreased its portfolio allocation in EQH by 0.64% over the last quarter.
AVUSX - Avantis U.S. Equity Fund Institutional Class holds 14K shares representing 0.00% ownership of the company. No change in the last quarter.
Assenagon Asset Management holds 278K shares representing 0.08% ownership of the company. In it's prior filing, the firm reported owning 76K shares, representing an increase of 72.66%. The firm increased its portfolio allocation in EQH by 274.42% over the last quarter.
What is the Fund Sentiment?
There are 908 funds or institutions reporting positions in AXA Equitable Holdings.
This is an increase
of
46
owner(s) or 5.34% in the last quarter.
Average portfolio weight of all funds dedicated to EQH is 0.32%,
a decrease
of 16.45%.
Total shares owned by institutions decreased
in the last three months by 2.60% to 425,970K shares.
The put/call ratio of EQH is 0.53, indicating a
bullish
outlook.
Equitable Holdings Background Information
(This description is provided by the company.)
Equitable Holdings, Inc. is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. Equitable Holdings has approximately 12,000 employees and financial professionals, $809 billion in assets under management (as of 12/31/2020) and more than five million client relationships globally.
See all AXA Equitable Holdings regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
