Aviva PLC Takes $1.34 Million Position in Axos Financial, Inc. (NYSE:AX)

Aviva PLC bought a new position in Axos Financial, Inc. (NYSE:AX) in the first quarter, Holdings Channel.com reports. The fund bought 36,304 shares of the company’s stock, valued at approximately $1,340,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AX. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Axos Financial during the first quarter worth approximately $25,000. Cerity Partners LLC bought a new stake in shares of Axos Financial in the first quarter valued at about $2,178,000. State of Wyoming raised its stake in shares of Axos Financial by 50.0% in the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock valued at $43,000 after purchasing an additional 377 shares in the last quarter. Tobam increased its stake in shares of Axos Financial by 362.4% in the first quarter. Tobam now owns 1,845 shares of the company’s stock valued at $68,000 after buying an additional 1,446 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Axos Financial by 10.8% in the fourth quarter. IFP Advisors Inc now owns 2,720 shares of the company’s stock valued at $114,000 after buying an additional 265 shares in the last quarter. 80.23% of the stock is owned by institutional investors.

Axos Financial Price Performance

AX opened at $42.53 on Friday. The company has a fifty day moving average price of $43.50 and a two-hundred day moving average price of $40.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a 52 week low of $33.15 and a 52 week high of $51.46. The firm has a market capitalization of $2.55 billion, a PE ratio of 8.34 and a beta of 1.49.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, July 27th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. The firm had revenue of $236.46 million during the quarter, compared to analyst estimates of $227.98 million. Axos Financial had a net margin of 24.04% and a return on equity of 18.00%. As a group, analysts anticipate that Axos Financial, Inc. will post 5.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AX. StockNews.com started coverage on Axos Financial in a research note on Wednesday, August 23rd. They issued a “hold” rating for the company. Raymond James raised their price target on shares of Axos Financial from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Wedbush raised their price target on shares of Axos Financial from $42.00 to $49.00 in a report on Friday, July 28th. Finally, Piper Sandler lifted their price objective on Axos Financial from $48.00 to $63.00 in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.60.

Insider Transactions at Axos Financial

In other news, CEO Gregory Garrabrants sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.53, for a total transaction of $1,821,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,583,647 shares in the company, valued at approximately $72,103,447.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory Garrabrants sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.53, for a total value of $1,821,200.00. Following the completion of the transaction, the chief executive officer now owns 1,583,647 shares of the company’s stock, valued at approximately $72,103,447.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew J. Micheletti sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $41.29, for a total transaction of $247,740.00. Following the completion of the transaction, the executive vice president now directly owns 503,689 shares of the company’s stock, valued at approximately $20,797,318.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,312 shares of company stock worth $5,938,692. 4.81% of the stock is currently owned by company insiders.

Axos Financial Profile

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.