Bessemer Group Inc. Purchases 19,637 Shares of Axos Financial, Inc $AX

Key Points

• Bessemer Group Inc. boosted its Axos Financial stake by 30.3% in Q1, buying 19,637 additional shares and bringing its total to 84,354 shares valued at about $7.18 million.
• Several institutional investors also adjusted positions, and institutions overall own 83.79% of Axos Financial, while insiders hold 4.85% of the stock.
• Analysts are mixed but generally positive: Axos has an average Buy rating and a $110.33 price target, though the company recently missed earnings per share estimates even as revenue came in above expectations.

Bessemer Group Inc. increased its holdings in Axos Financial, Inc (NYSE:AX - Free Report) by 30.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,354 shares of the company's stock after buying an additional 19,637 shares during the period. Bessemer Group Inc. owned 0.15% of Axos Financial worth $7,178,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in Axos Financial by 0.7% during the fourth quarter. Cetera Investment Advisers now owns 16,547 shares of the company's stock worth $1,426,000 after buying an additional 108 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company's stock valued at $301,000 after acquiring an additional 113 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Axos Financial by 0.9% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company's stock valued at $1,281,000 after acquiring an additional 132 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of Axos Financial by 43.2% during the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company's stock valued at $39,000 after acquiring an additional 133 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Axos Financial by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company's stock valued at $188,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Buying and Selling

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the sale, the executive vice president owned 4,592 shares of the company's stock, valued at $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roque A. Santi sold 500 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the transaction, the director owned 7,646 shares in the company, valued at $671,089.42. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Axos Financial from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Weiss Ratings upgraded shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Zacks Research cut shares of Axos Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Finally, Benchmark assumed coverage on shares of Axos Financial in a report on Wednesday, July 8th. They issued a "buy" rating and a $115.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $110.33.

Axos Financial Trading Down 0.1%

Shares of AX stock opened at $99.44 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $90.79 and a two-hundred day moving average price of $91.28. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month high of $102.18. The firm has a market cap of $5.66 billion, a P/E ratio of 12.08 and a beta of 1.23.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million for the quarter, compared to the consensus estimate of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter last year, the company posted $1.81 earnings per share. Equities analysts anticipate that Axos Financial, Inc will post 8.38 EPS for the current fiscal year.

About Axos Financial

Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

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