Oppenheimer Asset Management Inc. increased its position in Axos Financial, Inc. (NYSE:AX – Get Rating) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,368 shares of the company’s stock after buying an additional 1,410 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Axos Financial were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Axos Financial by 79.5% during the 1st quarter. SG Americas Securities LLC now owns 3,336 shares of the company’s stock worth $155,000 after buying an additional 1,478 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Axos Financial by 605.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company’s stock worth $39,000 after acquiring an additional 720 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Axos Financial by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 7,716 shares of the company’s stock valued at $358,000 after acquiring an additional 400 shares during the last quarter. abrdn plc increased its position in Axos Financial by 35.3% during the 1st quarter. abrdn plc now owns 812,059 shares of the company’s stock valued at $37,907,000 after purchasing an additional 212,060 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Axos Financial by 38.3% during the 1st quarter. Victory Capital Management Inc. now owns 19,373 shares of the company’s stock worth $734,000 after purchasing an additional 5,360 shares during the last quarter. Institutional investors and hedge funds own 77.84% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on AX. Raymond James decreased their price objective on shares of Axos Financial from $52.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Monday, October 31st. Piper Sandler lifted their price objective on Axos Financial to $47.00 in a research report on Tuesday, November 1st. StockNews.com started coverage on Axos Financial in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, DA Davidson lifted their target price on Axos Financial to $48.00 in a report on Tuesday, November 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.33.
Axos Financial Stock Down 5.7 %
AX stock opened at $40.19 on Thursday. The stock’s 50 day simple moving average is $37.38 and its 200 day simple moving average is $39.33. The company has a market cap of $2.41 billion, a P/E ratio of 10.17 and a beta of 1.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $62.44.
About Axos Financial
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.
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