BlackRock Inc. bought a new position in shares of Axos Financial, Inc (NYSE:AX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,389,477 shares of the company's stock, valued at approximately $817,051,000. BlackRock Inc. owned about 14.75% of Axos Financial at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in Axos Financial during the 4th quarter worth about $26,000. Basepoint Wealth LLC bought a new position in shares of Axos Financial in the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial in the 3rd quarter valued at about $29,000. State of Wyoming acquired a new stake in shares of Axos Financial in the first quarter valued at about $30,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock valued at $34,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 83.79% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on AX. Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a report on Friday, July 31st. DA Davidson set a $121.00 target price on shares of Axos Financial in a report on Friday, July 31st. Finally, 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 report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Axos Financial currently has an average rating of "Moderate Buy" and a consensus price target of $115.67.
Read Our Latest Report on Axos Financial
Axos Financial Price Performance
NYSE:AX opened at $96.62 on Friday. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month high of $105.74. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.41 and a beta of 1.22. The stock's 50 day moving average price is $97.18 and its two-hundred day moving average price is $92.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.
Insider Buying and Selling at Axos Financial
In other news, Director Roque A. Santi sold 500 shares of the firm's 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 completion of the sale, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.85% of the stock is owned by insiders.
Axos Financial Company Profile
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Free Report)
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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