Renaissance Technologies LLC Takes Position in Axos Financial, Inc. (NYSE:AX)

Renaissance Technologies LLC acquired a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 88,837 shares of the company’s stock, valued at approximately $5,077,000. Renaissance Technologies LLC owned approximately 0.16% of Axos Financial at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Axos Financial by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock worth $14,055,000 after purchasing an additional 14,953 shares in the last quarter. GSA Capital Partners LLP raised its position in Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after acquiring an additional 17,288 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Axos Financial in the fourth quarter valued at approximately $5,495,000. First Eagle Investment Management LLC grew its position in Axos Financial by 7.2% in the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock worth $10,136,000 after acquiring an additional 12,650 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Axos Financial by 37.6% during the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,560 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

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

Analyst Upgrades and Downgrades

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

Axos Financial Trading Down 0.4 %

Shares of NYSE:AX opened at $62.29 on Friday. 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’s 50-day moving average is $66.76 and its 200-day moving average is $59.25. The company has a market cap of $3.55 billion, a P/E ratio of 8.45 and a beta of 1.40. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15.

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