Renaissance Group LLC Grows Stock Holdings in Axos Financial, Inc $AX

Renaissance Group LLC grew its holdings in shares of Axos Financial, Inc (NYSE:AX) by 31.4% during the second quarter, HoldingsChannel reports. The firm owned 84,190 shares of the company’s stock after purchasing an additional 20,109 shares during the quarter. Renaissance Group LLC’s holdings in Axos Financial were worth $6,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after buying an additional 237 shares during the period. IFP Advisors Inc increased its position in Axos Financial by 360.7% during the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after purchasing an additional 386 shares during the last quarter. Sprucegrove Investment Management Ltd. purchased a new position in Axos Financial during the second quarter worth approximately $99,000. Quarry LP purchased a new position in Axos Financial during the first quarter worth approximately $119,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Axos Financial by 6.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock valued at $149,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

AX has been the topic of several research reports. Needham & Company LLC increased their target price on Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a report on Monday. Wall Street Zen upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. DA Davidson increased their price objective on shares of Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 target price (up previously from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.17.

Axos Financial Price Performance

Shares of AX stock opened at $76.34 on Wednesday. The firm has a fifty day simple moving average of $82.95 and a 200-day simple moving average of $80.95. The company has a market capitalization of $4.32 billion, a PE ratio of 10.23 and a beta of 1.35. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The firm had revenue of $323.39 million for the quarter, compared to analyst estimates of $319.96 million. During the same quarter in the previous year, the business posted $1.96 EPS. Equities research analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 owned 23 shares of the company’s stock, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.85% of the company’s stock.

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.