Newbridge Financial Services Group Inc. Takes Position in Axos Financial, Inc. (NYSE:AX)

Newbridge Financial Services Group Inc. purchased a new stake in Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 470 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $44,000. GAMMA Investing LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $49,000. Covestor Ltd grew its stake in shares of Axos Financial by 34.1% in the 3rd quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after buying an additional 331 shares during the period. Strs Ohio grew its stake in shares of Axos Financial by 220.0% in the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after buying an additional 1,100 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $100,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AX. Piper Sandler increased their price target on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and a consensus target price of $67.25.

Axos Financial Price Performance

Axos Financial stock opened at $53.36 on Wednesday. The firm has a market cap of $3.04 billion, a PE ratio of 7.24 and a beta of 1.39. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $63.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $54.78 and its two-hundred day moving average is $53.20.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. The company had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same period in the prior year, the business earned $1.35 EPS. On average, research analysts expect that Axos Financial, Inc. will post 6.76 EPS for the current fiscal year.

About Axos Financial

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.