Denali Advisors LLC purchased a new stake in Axos Financial, Inc (NYSE:AX - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 24,134 shares of the company's stock, valued at approximately $2,350,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Great Lakes Advisors LLC bought a new stake in Axos Financial during the second quarter valued at about $999,000. BlackRock Inc. purchased a new stake in shares of Axos Financial during the second quarter valued at about $817,051,000. Pallas Capital Advisors LLC bought a new stake in shares of Axos Financial in the 2nd quarter valued at about $413,000. Deutsche Bank AG purchased a new position in shares of Axos Financial in the 2nd quarter worth approximately $5,628,000. Finally, Global Retirement Partners LLC bought a new position in shares of Axos Financial during the 2nd quarter worth approximately $183,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.
Axos Financial Price Performance
Shares of NYSE:AX opened at $96.14 on Thursday. Axos Financial, Inc has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a market cap of $5.47 billion, a PE ratio of 11.35 and a beta of 1.22. The company's 50 day moving average is $96.92 and its 200 day moving average is $92.52.
Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.16 by $0.37. The business had revenue of $379.77 million for 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 period in the prior year, the firm earned $1.94 EPS. On average, sell-side analysts forecast that Axos Financial, Inc will post 9.59 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on AX shares. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. DA Davidson set a $121.00 price objective on shares of Axos Financial in a report on Friday, July 31st. Benchmark lifted their target price on shares of 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 boosted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. Finally, Needham & Company LLC raised their price target on shares of Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.67.
Check Out Our Latest Research Report on Axos Financial
Insider Buying and Selling
In other Axos Financial news, Director Roque A. Santi sold 500 shares of the 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 sale, the director directly owned 7,146 shares of the company's stock, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.85% of the company's stock.
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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