Osterweis Capital Management Inc. acquired 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 firm acquired 165,685 shares of the company’s stock, valued at approximately $16,136,000.
Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its position in shares of Axos Financial by 0.9% during the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock worth $7,031,000 after buying an additional 1,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Axos Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after acquiring an additional 1,429 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Axos Financial in the first quarter valued at about $212,000. Cetera Investment Advisers raised its holdings in shares of Axos Financial by 1.8% in the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after acquiring an additional 141 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Axos Financial in the second quarter worth about $6,252,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.
Axos Financial Price Performance
AX opened at $96.88 on Tuesday. The firm has a market capitalization of $5.50 billion, a PE ratio of 11.44 and a beta of 1.22. 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 business’s 50-day moving average is $97.33 and its two-hundred day moving average is $92.47. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74.
Insider Activity at Axos Financial
In related news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.85% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on AX. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Benchmark boosted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Needham & Company LLC upped their price target on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, DA Davidson set a $121.00 price objective on shares of Axos Financial in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.67.
Check Out Our Latest Report on Axos Financial
Axos Financial 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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