BlackRock Inc. Has $293.20 Million Holdings in Axos Financial, Inc. (NYSE:AX)

BlackRock Inc. lifted its position in Axos Financial, Inc. (NYSE:AX – Get Rating) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,565,494 shares of the company’s stock after purchasing an additional 75,256 shares during the quarter. BlackRock Inc. owned 14.28% of Axos Financial worth $293,197,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AX. Raymond James Financial Services Advisors Inc. raised its stake in shares of Axos Financial by 24.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,606 shares of the company’s stock valued at $1,930,000 after purchasing an additional 8,272 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Axos Financial by 96.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,745 shares of the company’s stock valued at $312,000 after purchasing an additional 3,308 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Axos Financial by 4.3% in the first quarter. Natixis Advisors L.P. now owns 11,233 shares of the company’s stock valued at $521,000 after purchasing an additional 460 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Axos Financial by 9.7% in the first quarter. Bank of Montreal Can now owns 15,758 shares of the company’s stock valued at $736,000 after purchasing an additional 1,397 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Axos Financial by 53.6% in the first quarter. MetLife Investment Management LLC now owns 29,958 shares of the company’s stock valued at $1,390,000 after purchasing an additional 10,451 shares in the last quarter. 76.97% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Down 8.0 %

Shares of NYSE AX opened at $37.66 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 8.76 and a beta of 1.46. The business has a fifty day moving average of $44.92 and a two-hundred day moving average of $40.41. Axos Financial, Inc. has a 52-week low of $33.91 and a 52-week high of $51.46. 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 (NYSE:AX – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. The company had revenue of $228.24 million during the quarter, compared to analysts’ expectations of $217.27 million. Axos Financial had a return on equity of 16.49% and a net margin of 28.47%. The business’s revenue was up 29.4% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. As a group, equities research analysts expect that Axos Financial, Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush upped their target price on Axos Financial from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, January 30th. Raymond James lowered Axos Financial from a “strong-buy” rating to an “outperform” rating and set a $55.00 target price for the company. in a research note on Tuesday, February 21st. Finally, Piper Sandler lifted their price objective on Axos Financial from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.00.

Insider Activity

In other news, EVP Andrew J. Micheletti sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the completion of the sale, the executive vice president now directly owns 524,689 shares in the company, valued at $25,137,849.99. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Andrew J. Micheletti sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $48.02, for a total value of $480,200.00. Following the completion of the sale, the executive vice president now directly owns 514,689 shares in the company, valued at $24,715,365.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew J. Micheletti sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $47.91, for a total value of $718,650.00. Following the completion of the sale, the executive vice president now owns 524,689 shares of the company’s stock, valued at $25,137,849.99. The disclosure for this sale can be found here. 4.81% of the stock is currently owned by corporate insiders.

Axos Financial Profile

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Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.