PNC Financial Services Group Inc. Raises Position in Axos Financial, Inc. (NYSE:AX)

PNC Financial Services Group Inc. boosted its position in Axos Financial, Inc. (NYSE:AX) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,318 shares of the company’s stock after buying an additional 394 shares during the period. PNC Financial Services Group Inc.’s holdings in Axos Financial were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AX. Dimensional Fund Advisors LP boosted its stake in shares of Axos Financial by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company’s stock worth $148,755,000 after buying an additional 134,266 shares during the last quarter. American Century Companies Inc. lifted its holdings in Axos Financial by 152.8% in the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after acquiring an additional 843,606 shares during the period. Ameriprise Financial Inc. boosted its position in Axos Financial by 5.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock worth $52,119,000 after purchasing an additional 74,649 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Axos Financial by 114.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Axos Financial by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 613,391 shares of the company’s stock valued at $33,491,000 after purchasing an additional 10,716 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

NYSE:AX opened at $57.15 on Monday. The company has a fifty day moving average of $55.61 and a two-hundred day moving average of $53.64. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $63.00. The stock has a market capitalization of $3.26 billion, a PE ratio of 7.75 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 (NYSE:AX) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping 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 firm had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same quarter in the prior year, the firm earned $1.35 EPS. As a group, research analysts forecast that Axos Financial, Inc. will post 6.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AX. Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price target on shares of Axos Financial in a research report on Tuesday, June 4th. Wedbush reissued a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st. Finally, Piper Sandler lifted their price target on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.