AXOS FINANCIAL, INC $AX Shares Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in AXOS FINANCIAL, INC by 33.1% during the second quarter, owning 158,801 shares worth approximately $12.4 million.
• AXOS FINANCIAL reported a 10.5% increase in revenue year-over-year, totaling $321.45 million, with an EPS of $1.94, surpassing estimates.
• Several analysts have upgraded AXOS FINANCIAL, with price targets lifted to between $100.00 and $106.00, reflecting a consensus rating of "Moderate Buy".

Allspring Global Investments Holdings LLC boosted its holdings in AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 33.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,801 shares of the company's stock after buying an additional 39,515 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of AXOS FINANCIAL worth $12,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AX. IFP Advisors Inc lifted its stake in shares of AXOS FINANCIAL by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company's stock valued at $37,000 after purchasing an additional 386 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after purchasing an additional 516 shares in the last quarter. Quarry LP acquired a new position in shares of AXOS FINANCIAL in the 1st quarter valued at about $119,000. Strs Ohio acquired a new position in shares of AXOS FINANCIAL in the 1st quarter valued at about $194,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of AXOS FINANCIAL in the 2nd quarter valued at about $208,000. 83.79% of the stock is owned by institutional investors and hedge funds.

AXOS FINANCIAL Stock Performance

Shares of NYSE:AX opened at $76.45 on Friday. The company has a market cap of $4.33 billion, a P/E ratio of 10.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. AXOS FINANCIAL, INC has a one year low of $54.46 and a one year high of $93.84. The business's 50-day simple moving average is $87.37 and its 200 day simple moving average is $77.68.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.82 by $0.12. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business had revenue of $321.45 million for the quarter, compared to the consensus estimate of $311.73 million. During the same period last year, the business posted $1.83 EPS. The company's revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current fiscal year.

Insider Activity at AXOS FINANCIAL

In other AXOS FINANCIAL news, EVP Andrew J. Micheletti sold 13,960 shares of AXOS FINANCIAL stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the sale, the executive vice president directly owned 67,460 shares in the company, valued at $5,759,734.80. The trade was a 17.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Candace L. Thiele sold 700 shares of AXOS FINANCIAL stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.85% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson lifted their price objective on AXOS FINANCIAL from $100.00 to $106.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Keefe, Bruyette & Woods lifted their price objective on AXOS FINANCIAL from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of AXOS FINANCIAL in a research note on Tuesday. Needham & Company LLC lifted their price objective on AXOS FINANCIAL from $102.00 to $105.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Finally, Wall Street Zen upgraded AXOS FINANCIAL from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.83.

About AXOS FINANCIAL

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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