Axos Financial, Inc (NYSE:AX) Stock Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Axos Financial, Inc (NYSE:AX - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,402 shares of the company's stock after buying an additional 6,957 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of Axos Financial worth $3,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AX. Vanguard Group Inc. increased its stake in Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after purchasing an additional 49,695 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after buying an additional 43,503 shares during the last quarter. Northern Trust Corp grew its position in shares of Axos Financial by 4.7% during the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock valued at $51,887,000 after buying an additional 33,207 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Axos Financial by 8.7% during the 4th quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock valued at $47,330,000 after buying an additional 54,238 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Axos Financial by 7.0% during the 4th quarter. Invesco Ltd. now owns 484,561 shares of the company's stock valued at $33,847,000 after buying an additional 31,530 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Trading Up 0.1%

Shares of NYSE:AX opened at $84.60 on Friday. The company has a 50 day moving average of $76.42 and a 200-day moving average of $69.72. The firm has a market cap of $4.77 billion, a P/E ratio of 11.53 and a beta of 1.29. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. The business had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. As a group, analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its Board of Directors has approved a stock buyback plan on Monday, May 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Axos Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target for the company. Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $85.00 to $90.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Needham & Company LLC upped their target price on shares of Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial upped their target price on shares of Axos Financial from $72.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Piper Sandler decreased their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.86.

Insiders Place Their Bets

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