Empowered Funds LLC purchased a new stake in shares of Axos Financial, Inc (NYSE:AX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 251,087 shares of the company's stock, valued at approximately $24,453,000. Empowered Funds LLC owned about 0.44% of Axos Financial as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of AX. Kennedy Capital Management LLC increased its holdings in Axos Financial by 12.3% in the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company's stock worth $26,618,000 after buying an additional 33,854 shares during the period. BlackRock Inc. purchased a new position in Axos Financial during the 2nd quarter worth approximately $817,051,000. Jackson Creek Investment Advisors LLC lifted its stake in Axos Financial by 714.0% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company's stock valued at $1,786,000 after acquiring an additional 18,179 shares during the period. Principal Financial Group Inc. lifted its stake in Axos Financial by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 353,951 shares of the company's stock valued at $30,118,000 after acquiring an additional 16,627 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company's stock valued at $154,687,000 after acquiring an additional 62,269 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Axos Financial news, Director Roque A. Santi sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the sale, the director directly owned 7,146 shares of the company's stock, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.85% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AX shares. Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. Benchmark increased their price target on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. DA Davidson set a $121.00 price objective on Axos Financial in a research note on Friday, July 31st. Finally, Needham & Company LLC boosted their price objective on Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $115.67.
Get Our Latest Analysis on AX
Axos Financial Trading Down 0.7%
Shares of Axos Financial stock opened at $97.36 on Friday. The firm has a 50-day simple moving average of $97.91 and a two-hundred day simple moving average of $92.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $105.74. The company has a market cap of $5.52 billion, a P/E ratio of 11.49 and a beta of 1.22.
Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The firm had revenue of $379.77 million for the quarter, compared to analysts' expectations of $375.54 million. During the same period last year, the firm earned $1.94 EPS. As a group, equities analysts predict that Axos Financial, Inc will post 9.59 earnings per share for the current fiscal year.
About Axos Financial
(
Free Report)
Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.
Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.
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