Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Holdings in AXOS FINANCIAL, INC $AX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in AXOS FINANCIAL, INC by 16.4%, owning 37,960 shares worth approximately $2.89 million.
• AXOS FINANCIAL has received multiple positive ratings from analysts, with price targets ranging from $90.00 to $100.00, indicating strong market confidence in the company.
• In the latest earnings report, AXOS FINANCIAL reported $1.94 earnings per share, exceeding analysts' expectations and showing a 10.5% increase in quarterly revenue year-over-year.

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,960 shares of the company's stock after purchasing an additional 5,360 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.07% of AXOS FINANCIAL worth $2,886,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AXOS FINANCIAL by 94.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company's stock valued at $517,000 after purchasing an additional 3,901 shares during the last quarter. GAMMA Investing LLC grew its holdings in AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after acquiring an additional 516 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in AXOS FINANCIAL by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company's stock worth $3,252,000 after acquiring an additional 6,957 shares during the last quarter. SG Americas Securities LLC bought a new stake in AXOS FINANCIAL in the 1st quarter worth $750,000. Finally, Cetera Investment Advisers grew its holdings in AXOS FINANCIAL by 11.0% in the 4th quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock worth $555,000 after acquiring an additional 786 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Transactions at AXOS FINANCIAL

In other news, EVP Candace L. Thiele sold 700 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president directly owned 23 shares in the company, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 13,960 shares of AXOS FINANCIAL stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company's stock, valued at $5,759,734.80. This trade represents a 17.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

AXOS FINANCIAL Trading Down 2.6%

Shares of AX traded down $2.33 during midday trading on Friday, hitting $88.61. The stock had a trading volume of 1,183,066 shares, compared to its average volume of 310,698. AXOS FINANCIAL, INC has a 1 year low of $54.46 and a 1 year high of $93.84. The firm has a market cap of $5.01 billion, a PE ratio of 11.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day moving average is $87.87 and its 200 day moving average is $75.02.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.82 by $0.12. The company had revenue of $321.45 million for the quarter, compared to the consensus estimate of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 EPS. As a group, analysts forecast that AXOS FINANCIAL, INC will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AX shares. Needham & Company LLC raised their price target on shares of AXOS FINANCIAL from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of AXOS FINANCIAL from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Raymond James Financial reissued an "outperform" rating and issued a $95.00 price target (up previously from $90.00) on shares of AXOS FINANCIAL in a report on Thursday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Finally, DA Davidson lifted their target price on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.86.

AXOS FINANCIAL Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.