Axos Financial, Inc $AX Stock Position Boosted by Savant Capital LLC

Savant Capital LLC raised its stake in shares of Axos Financial, Inc (NYSE:AX) by 149.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,047 shares of the company’s stock after buying an additional 11,402 shares during the period. Savant Capital LLC’s holdings in Axos Financial were worth $1,448,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of Axos Financial by 14.7% during the first quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock valued at $138,797,000 after acquiring an additional 276,450 shares during the period. Geneva Capital Management LLC increased its position in shares of Axos Financial by 6.0% during the 2nd quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock valued at $56,222,000 after purchasing an additional 42,126 shares during the period. Ameriprise Financial Inc. increased its position in shares of Axos Financial by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 681,878 shares of the company’s stock valued at $43,994,000 after purchasing an additional 4,332 shares during the period. Emerald Advisers LLC raised its stake in shares of Axos Financial by 3.7% in the 2nd quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock worth $42,095,000 after buying an additional 20,005 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Axos Financial in the first quarter valued at $35,240,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AX has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Axos Financial in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. DA Davidson raised their target price on shares of Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.17.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president directly owned 23 shares in the company, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Stock Down 0.2%

Shares of NYSE:AX opened at $81.76 on Wednesday. The firm has a 50 day simple moving average of $84.22 and a 200 day simple moving average of $80.46. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $93.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $4.63 billion, a PE ratio of 10.96 and a beta of 1.35.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.21. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The company had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. During the same period in the previous year, the business earned $1.96 EPS. As a group, research analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

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.