Axos Financial, Inc $AX Stock Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Axos Financial stake by 545.9% in the second quarter, owning 18,403 shares valued at approximately $1.79 million. Institutional investors collectively hold 83.79% of the company.
• Axos Financial reported quarterly EPS of $2.53, beating analyst expectations of $2.16, while revenue of $379.77 million also exceeded estimates. Analysts project full-year EPS of $9.64.
• Wall Street maintains a “Moderate Buy” consensus rating, with a consensus price target of $115.67 versus the stock’s recent price of $88.64.

Corient Private Wealth LP boosted its holdings in Axos Financial, Inc (NYSE:AX - Free Report) by 545.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,403 shares of the company's stock after acquiring an additional 15,554 shares during the quarter. Corient Private Wealth LP's holdings in Axos Financial were worth $1,792,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new position in Axos Financial during the 4th quarter valued at about $26,000. Basepoint Wealth LLC purchased a new position in shares of Axos Financial during the fourth quarter valued at approximately $28,000. State of Wyoming purchased a new position in shares of Axos Financial during the first quarter valued at approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Axos Financial during the second quarter valued at approximately $47,000. Finally, Hantz Financial Services Inc. lifted its position in Axos Financial by 508.4% during the fourth quarter. Hantz Financial Services Inc. now owns 505 shares of the company's stock valued at $44,000 after purchasing an additional 422 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Up 1.2%

AX opened at $88.64 on Friday. The firm's 50 day simple moving average is $96.85 and its two-hundred day simple moving average is $92.44. The company has a market capitalization of $5.03 billion, a PE ratio of 10.46 and a beta of 1.22. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.37. The firm had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the previous year, the firm posted $1.94 EPS. As a group, equities analysts forecast that Axos Financial, Inc will post 9.64 EPS for the current year.

Insiders Place Their Bets

In other Axos Financial news, Director Roque Santi sold 500 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the sale, the director owned 7,146 shares of the company's stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Needham & Company LLC raised their price target on Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, DA Davidson set a $121.00 target price on Axos Financial in a report on Friday, July 31st. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.67.

Axos Financial Company 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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