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Axos Financial, Inc. (NYSE:AX) Stock Holdings Increased by Goldman Sachs Group Inc.

Axos Financial logo with Finance background

Goldman Sachs Group Inc. raised its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 114.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 795,381 shares of the company's stock after acquiring an additional 423,930 shares during the period. Goldman Sachs Group Inc. owned approximately 1.40% of Axos Financial worth $43,428,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AX. SummerHaven Investment Management LLC increased its holdings in shares of Axos Financial by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company's stock worth $938,000 after buying an additional 206 shares during the last quarter. Covestor Ltd increased its holdings in shares of Axos Financial by 34.1% during the 3rd quarter. Covestor Ltd now owns 1,302 shares of the company's stock worth $49,000 after buying an additional 331 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Axos Financial by 8.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company's stock worth $290,000 after buying an additional 394 shares during the last quarter. Cornercap Investment Counsel Inc. increased its holdings in shares of Axos Financial by 1.5% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 28,111 shares of the company's stock worth $1,535,000 after buying an additional 408 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Axos Financial by 2.1% during the 4th quarter. New York State Common Retirement Fund now owns 24,257 shares of the company's stock worth $1,324,000 after buying an additional 493 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.


Axos Financial Stock Down 0.2 %

AX stock traded down $0.09 during midday trading on Friday, hitting $53.66. The company's stock had a trading volume of 1,253,301 shares, compared to its average volume of 593,978. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $63.00. The firm has a market capitalization of $3.06 billion, a P/E ratio of 7.26 and a beta of 1.39. The firm has a 50-day simple moving average of $54.93 and a 200-day simple moving average of $53.21.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The company had revenue of $476.73 million during the quarter, compared to analysts' expectations of $277.85 million. During the same quarter last year, the company posted $1.35 EPS. As a group, equities analysts forecast that Axos Financial, Inc. will post 6.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AX shares. Wedbush reaffirmed a "neutral" rating and set a $60.00 price objective on shares of Axos Financial in a research report on Wednesday, May 1st. Piper Sandler increased their price objective on shares of Axos Financial from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $79.00 price objective on shares of Axos Financial in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of "Moderate Buy" and an average price target of $67.25.

Check Out Our Latest Research Report on Axos Financial

Axos Financial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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