Evolve Private Wealth LLC Invests $1.40 Million in Axos Financial, Inc $AX

Key Points

• Evolve Private Wealth LLC purchased 14,380 shares of Axos Financial in the second quarter, valued at approximately $1.4 million. Institutional investors collectively own 83.79% of the company.
• Analysts maintain a generally positive outlook, with Axos receiving a consensus “Moderate Buy” rating and an average price target of $115.67, above its reported trading price of $96.62.
• Axos Financial has a $5.50 billion market capitalization and trades at a price-to-earnings ratio of 11.41. Director Roque A. Santi recently sold 500 shares, reducing his holdings by 6.54%.

Evolve Private Wealth LLC acquired a new stake in Axos Financial, Inc (NYSE:AX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,380 shares of the company's stock, valued at approximately $1,400,000.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Axos Financial by 0.9% during the first quarter. Royal Bank of Canada now owns 108,986 shares of the company's stock worth $7,031,000 after buying an additional 1,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Axos Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company's stock valued at $2,099,000 after acquiring an additional 1,429 shares during the last quarter. United Services Automobile Association acquired a new stake in Axos Financial during the 1st quarter worth about $212,000. Cetera Investment Advisers raised its position in shares of Axos Financial by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company's stock worth $623,000 after acquiring an additional 141 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Axos Financial in the 2nd quarter worth about $6,252,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Trading Down 0.0%

Shares of AX stock opened at $96.62 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.41 and a beta of 1.22. Axos Financial, Inc has a 52-week low of $74.89 and a 52-week high of $105.74. The company has a 50-day simple moving average of $97.18 and a two-hundred day simple moving average of $92.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AX shares. Weiss Ratings upgraded shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their target price on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a research report on Friday, July 31st. Needham & Company LLC boosted their target price on Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Benchmark upped their price target on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, DA Davidson set a $121.00 price objective on Axos Financial in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $115.67.

Insider Buying and Selling at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director owned 7,146 shares of the company's stock, valued at approximately $752,473.80. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.85% of the stock is currently owned by corporate insiders.

Axos Financial Profile

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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