Goldman Sachs Group Inc. Raises Holdings in Axos Financial, Inc. (NYSE:AX)

Goldman Sachs Group Inc. lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 114.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 795,381 shares of the company’s stock after buying an additional 423,930 shares during the period. Goldman Sachs Group Inc. owned about 1.40% of Axos Financial worth $43,428,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. SummerHaven Investment Management LLC grew its holdings in shares of Axos Financial by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock worth $938,000 after acquiring an additional 206 shares during the period. Covestor Ltd grew its holdings in shares of Axos Financial by 34.1% in the 3rd quarter. Covestor Ltd now owns 1,302 shares of the company’s stock worth $49,000 after acquiring an additional 331 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Axos Financial by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after acquiring an additional 394 shares during the period. Cornercap Investment Counsel Inc. grew its holdings in shares of Axos Financial by 1.5% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 28,111 shares of the company’s stock worth $1,535,000 after acquiring an additional 408 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Axos Financial by 2.1% in the 4th quarter. New York State Common Retirement Fund now owns 24,257 shares of the company’s stock worth $1,324,000 after acquiring an additional 493 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Price Performance

Shares of NYSE:AX opened at $53.73 on Friday. The business’s fifty day moving average price is $54.93 and its two-hundred day moving average price is $53.21. The stock has a market cap of $3.06 billion, a PE ratio of 7.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial, Inc. has a one year low of $32.05 and a one year high of $63.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AX shares. Piper Sandler upped their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wedbush reiterated a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 target price on shares of Axos Financial in a 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, the company has an average rating of “Moderate Buy” and an average price target of $67.25.

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.