Hsbc Holdings PLC bought a new position in shares of Axos Financial, Inc (NYSE:AX – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,018 shares of the company’s stock, valued at approximately $970,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Axos Financial in the second quarter valued at about $817,051,000. Kennedy Capital Management LLC grew its position in Axos Financial by 12.3% during the fourth quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock worth $26,618,000 after buying an additional 33,854 shares during the period. Jackson Creek Investment Advisors LLC increased its holdings in Axos Financial by 714.0% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock valued at $1,786,000 after buying an additional 18,179 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Axos Financial by 4.9% in the first quarter. Principal Financial Group Inc. now owns 353,951 shares of the company’s stock valued at $30,118,000 after buying an additional 16,627 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after acquiring an additional 62,269 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on AX shares. Benchmark boosted their price target on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Needham & Company LLC raised their price objective on Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. DA Davidson set a $121.00 target price on Axos Financial in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their target price on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.67.
Insiders Place Their Bets
In other news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.85% of the company’s stock.
Axos Financial Trading Down 2.3%
Shares of AX opened at $94.59 on Wednesday. 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 firm has a 50 day simple moving average of $98.32 and a 200-day simple moving average of $92.43. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 11.17 and a beta of 1.22.
Axos Financial (NYSE:AX – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The firm had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. During the same period in the previous year, the firm posted $1.94 EPS. Equities analysts forecast that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.
Axos Financial Company Profile
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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