Legal & General Group Plc Makes New Investment in Axos Financial, Inc $AX

Posted by Brian Himes on Sep 1st, 2026

Legal & General Group Plc bought a new position in Axos Financial, Inc (NYSE:AX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 127,673 shares of the company’s stock, valued at approximately $12,434,000. Legal & General Group Plc owned 0.22% of Axos Financial at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new position in Axos Financial during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new stake in Axos Financial in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Axos Financial during the third quarter valued at approximately $29,000. State of Wyoming purchased a new stake in shares of Axos Financial during the first quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AX. Needham & Company LLC raised their price target on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a report on Friday, July 31st. Benchmark boosted their price objective 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. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price 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. Finally, DA Davidson set a $121.00 target price on Axos Financial in a research report on Friday, July 31st. One 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.67.

Read Our Latest Stock Analysis on AX

Insider Buying and Selling at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the sale, the director owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.85% of the company’s stock.

Axos Financial Stock Down 1.2%

AX stock opened at $96.64 on Tuesday. Axos Financial, Inc has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.48 billion, a P/E ratio of 11.41 and a beta of 1.22. The firm has a 50 day simple moving average of $98.26 and a 200-day simple moving average of $92.43.

Axos Financial (NYSE:AX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The firm had revenue of $379.77 million for the quarter, compared to analysts’ expectations of $375.54 million. During the same period in the prior year, the company posted $1.94 earnings per share. On average, equities research analysts predict that Axos Financial, Inc will post 9.59 earnings per share for the current fiscal year.

Axos Financial Profile

(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.