3,768 Shares in Axos Financial, Inc. (NYSE:AX) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,768 shares of the company's stock, valued at approximately $243,000.

Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Axos Financial by 28.2% during the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock valued at $1,139,000 after purchasing an additional 3,588 shares during the period. Van ECK Associates Corp purchased a new position in Axos Financial during the 4th quarter valued at about $3,349,000. New York State Teachers Retirement System increased its position in Axos Financial by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock valued at $3,012,000 after purchasing an additional 279 shares during the period. Csenge Advisory Group increased its position in Axos Financial by 55.1% during the 4th quarter. Csenge Advisory Group now owns 6,329 shares of the company's stock valued at $442,000 after purchasing an additional 2,248 shares during the period. Finally, Principal Financial Group Inc. increased its position in Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Wall Street Analyst Weigh In

AX has been the topic of a number of research reports. DA Davidson cut their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Raymond James reissued an "outperform" rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research report on Monday, June 9th. Piper Sandler cut their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Axos Financial from a "hold" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $82.71.

Axos Financial Stock Down 3.7%

NYSE:AX opened at $69.92 on Friday. Axos Financial, Inc. has a fifty-two week low of $51.39 and a fifty-two week high of $88.46. The stock has a market capitalization of $3.94 billion, a P/E ratio of 9.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50-day simple moving average is $66.79 and its 200-day simple moving average is $68.79.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The business had revenue of $432.72 million for the quarter, compared to analysts' expectations of $305.04 million. During the same period last year, the business earned $1.91 EPS. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its board has approved a share repurchase program on Monday, May 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. This trade represents a 20.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.07% of the company's stock.

Axos Financial Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.

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