Evolve Private Wealth LLC Buys New Position in Axos Financial, Inc $AX

Evolve Private Wealth LLC purchased a new position in Axos Financial, Inc (NYSE:AX – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 14,380 shares of the company’s stock, valued at approximately $1,400,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Axos Financial in the second quarter worth $817,051,000. State Street Corp raised its stake in Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after acquiring an additional 13,669 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Axos Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after acquiring an additional 7,509 shares during the period. Geode Capital Management LLC boosted its position in shares of Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after acquiring an additional 62,269 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock valued at $56,319,000 after buying an additional 58,774 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

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Axos Financial Price Performance

Shares of AX stock opened at $96.62 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $5.50 billion, a P/E ratio of 11.41 and a beta of 1.22. The company’s 50-day simple moving average is $97.18 and its two-hundred day simple moving average is $92.48. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Needham & Company LLC raised their price target on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. DA Davidson set a $121.00 price objective on shares of Axos Financial in a research report on Friday, July 31st. Finally, Benchmark raised their target price on shares of Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

Check Out Our Latest Stock Analysis on Axos Financial

Insider Buying and Selling

In other Axos Financial news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the sale, the director directly owned 7,146 shares of the company’s stock, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.85% of the stock is owned by insiders.

About Axos Financial

(Free Report)

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

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Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial, Inc (NYSE:AX – Free Report).

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