Axos Financial, Inc $AX Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Axos Financial stake by 64.8% in the second quarter, selling 116,826 shares and retaining 63,581 shares valued at approximately $6.2 million.
• Institutional investors collectively own 83.79% of Axos Financial. BlackRock initiated an approximately $817 million position, while California State Teachers Retirement System significantly increased its holdings.
• Axos Financial exceeded quarterly earnings expectations, reporting $2.53 in EPS versus a $2.16 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $115.67.

Squarepoint Ops LLC lowered its position in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 64.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,581 shares of the company's stock after selling 116,826 shares during the quarter. Squarepoint Ops LLC owned 0.11% of Axos Financial worth $6,192,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Axos Financial during the second quarter worth about $817,051,000. California State Teachers Retirement System lifted its position in Axos Financial by 8,982.1% in the second quarter. California State Teachers Retirement System now owns 5,667,319 shares of the company's stock valued at $551,940,000 after purchasing an additional 5,604,918 shares during the period. State Street Corp lifted its position in Axos Financial by 0.5% in the fourth quarter. State Street Corp now owns 2,696,323 shares of the company's stock valued at $232,315,000 after purchasing an additional 13,669 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Axos Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company's stock valued at $185,234,000 after purchasing an additional 7,509 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company's stock worth $154,687,000 after purchasing an additional 62,269 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $93.23 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 11.01 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The business has a fifty day simple moving average of $98.17 and a 200-day simple moving average of $92.40.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $375.54 million. During the same period in the prior year, the business posted $1.94 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 9.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Benchmark raised their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, DA Davidson set a $121.00 price objective on shares of Axos Financial in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of "Moderate Buy" and an average price target of $115.67.

Insider Activity at Axos Financial

In other news, Director Roque Santi sold 500 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director directly owned 7,146 shares in the company, valued at $752,473.80. This represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.85% of the stock is currently owned by corporate insiders.

Axos Financial Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.

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