Axos Financial, Inc. (NYSE:AX) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,523 shares of the company’s stock after acquiring an additional 1,103 shares during the quarter. Xponance Inc.’s holdings in Axos Financial were worth $373,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its position in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Axos Financial by 114.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after buying an additional 423,930 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Axos Financial by 9.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after buying an additional 33,366 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Axos Financial by 167.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after buying an additional 231,722 shares during the last quarter. Finally, Bragg Financial Advisors Inc grew its position in Axos Financial by 1.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 357,188 shares of the company’s stock worth $19,502,000 after buying an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Down 3.7 %

NYSE AX opened at $60.58 on Wednesday. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 8.22 and a beta of 1.40. The firm’s 50 day moving average price is $66.58 and its two-hundred day moving average price is $59.46.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the business posted $1.50 EPS. Equities analysts anticipate that Axos Financial, Inc. will post 7.17 EPS for the current year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Raymond James lifted their price target on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Piper Sandler lifted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.75.

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.