Truist Financial Corp Raises Holdings in Axos Financial, Inc. (NYSE:AX)

Truist Financial Corp increased its position in Axos Financial, Inc. (NYSE:AXFree Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,517 shares of the company’s stock after buying an additional 950 shares during the quarter. Truist Financial Corp’s holdings in Axos Financial were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after purchasing an additional 321,494 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in Axos Financial by 9.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock valued at $21,847,000 after purchasing an additional 33,366 shares in the last quarter. Millennium Management LLC increased its holdings in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares in the last quarter. Finally, Stieven Capital Advisors L.P. increased its holdings in Axos Financial by 1.4% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock valued at $18,770,000 after purchasing an additional 4,400 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AX shares. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a research note on Wednesday, July 31st. Wedbush lowered their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Raymond James raised their target price on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Needham & Company LLC started coverage on Axos Financial in a research note on Friday. They set a “buy” rating and a $82.00 target price for the company. Finally, Piper Sandler raised their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Three equities 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, Axos Financial has an average rating of “Moderate Buy” and a consensus price target of $80.20.

Check Out Our Latest Stock Analysis on Axos Financial

Axos Financial Stock Up 6.2 %

NYSE:AX opened at $64.13 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day simple moving average of $64.31 and a 200 day simple moving average of $60.05. Axos Financial, Inc. has a one year low of $32.05 and a one year high of $79.15. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 8.70 and a beta of 1.39.

Axos Financial (NYSE:AXGet Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter last year, the company posted $1.50 earnings per share. Sell-side analysts predict that Axos Financial, Inc. will post 7.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.82% of the stock is currently owned by corporate insiders.

Axos Financial Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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