Jupiter Topco LLC Invests $2.33 Million in Axos Financial, Inc $AX

Key Points

• Jupiter Topco initiated a position in Axos Financial during the second quarter, purchasing 23,907 shares valued at approximately $2.33 million. Institutional investors collectively own 83.79% of the company.
• Analysts remain generally positive, with Axos Financial receiving an overall “Moderate Buy” rating and an average price target of $115.67; recent targets range from $110 to $128.
• Axos Financial exceeded quarterly expectations, reporting $2.53 in earnings per share versus the $2.16 consensus estimate and revenue of $379.77 million. The stock opened at $96.16, with a market capitalization of about $5.46 billion.

Jupiter Topco LLC purchased a new position in Axos Financial, Inc (NYSE:AX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,907 shares of the company's stock, valued at approximately $2,331,000.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised 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 purchasing an additional 1,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Axos Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company's stock valued at $2,099,000 after purchasing an additional 1,429 shares during the period. United Services Automobile Association acquired a new position in shares of Axos Financial in the 1st quarter valued at $212,000. Cetera Investment Advisers increased its stake in 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 purchasing an additional 141 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Axos Financial in the 2nd quarter worth about $6,252,000. Institutional investors own 83.79% of the company's stock.

Insider Activity at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports 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 lifted their price objective 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. DA Davidson set a $121.00 target price on shares of Axos Financial in a research note on Friday, July 31st. Needham & Company LLC boosted their target price on shares of Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Benchmark increased their target price on Axos Financial from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $115.67.

Axos Financial Trading Up 1.6%

NYSE:AX opened at $96.16 on Thursday. The stock has a market cap of $5.46 billion, a PE ratio of 11.35 and a beta of 1.22. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $105.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day moving average is $98.36 and its two-hundred day moving average is $92.44.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.37. The business had revenue of $379.77 million during the quarter, compared to analyst estimates 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 earnings per share. As a group, equities research analysts forecast that Axos Financial, Inc will post 9.59 earnings per share for the current fiscal year.

Axos Financial Company 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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