Axos Financial, Inc. (NYSE:AX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in Axos Financial, Inc. (NYSE:AX – Get Rating) by 37.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,345 shares of the company’s stock after acquiring an additional 39,096 shares during the period. Allspring Global Investments Holdings LLC owned 0.24% of Axos Financial worth $4,872,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AX. Truist Financial Corp increased its position in Axos Financial by 11.1% during the 3rd quarter. Truist Financial Corp now owns 41,593 shares of the company’s stock worth $1,424,000 after purchasing an additional 4,163 shares during the period. BerganKDV Wealth Management LLC increased its position in Axos Financial by 2.6% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 18,443 shares of the company’s stock worth $631,000 after purchasing an additional 470 shares during the period. Louisiana State Employees Retirement System acquired a new position in Axos Financial during the 3rd quarter worth approximately $869,000. CCG Wealth Management LLC acquired a new position in Axos Financial during the 3rd quarter worth approximately $11,989,000. Finally, Federated Hermes Inc. acquired a new position in Axos Financial during the 2nd quarter worth approximately $2,404,000. Institutional investors and hedge funds own 76.97% of the company’s stock.

Axos Financial Price Performance

AX stock opened at $41.40 on Tuesday. Axos Financial, Inc. has a 1 year low of $33.91 and a 1 year high of $60.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average price is $38.99 and its 200 day moving average price is $39.47. The firm has a market cap of $2.48 billion, a P/E ratio of 10.48 and a beta of 1.42.

Axos Financial (NYSE:AX – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. Axos Financial had a return on equity of 16.49% and a net margin of 28.47%. The firm had revenue of $207.68 million for the quarter, compared to analyst estimates of $197.50 million. On average, sell-side analysts expect that Axos Financial, Inc. will post 4.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AX shares. StockNews.com started coverage on Axos Financial in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler boosted their price target on Axos Financial to $47.00 in a research note on Tuesday, November 1st. DA Davidson boosted their price target on Axos Financial to $48.00 in a research note on Tuesday, November 1st. Finally, Raymond James decreased their price target on Axos Financial from $52.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 31st. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.33.

Insider Activity at Axos Financial

In related news, SVP Ron Pitters sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $42.54, for a total value of $85,080.00. Following the sale, the senior vice president now owns 11,315 shares of the company’s stock, valued at approximately $481,340.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.81% of the stock is owned by corporate insiders.

About Axos Financial

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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.