Russell Investments Group Ltd. Buys 21,847 Shares of AXOS FINANCIAL, INC $AX

Russell Investments Group Ltd. raised its stake in AXOS FINANCIAL, INC (NYSE:AX) by 123.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,552 shares of the company’s stock after buying an additional 21,847 shares during the period. Russell Investments Group Ltd. owned about 0.07% of AXOS FINANCIAL worth $2,552,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of AXOS FINANCIAL by 94.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company’s stock valued at $517,000 after buying an additional 3,901 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of AXOS FINANCIAL by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 850 shares during the period. GAMMA Investing LLC lifted its stake in shares of AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock valued at $118,000 after purchasing an additional 516 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of AXOS FINANCIAL by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company’s stock valued at $3,252,000 after purchasing an additional 6,957 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of AXOS FINANCIAL in the 1st quarter valued at about $750,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AX shares. Piper Sandler dropped their price objective on AXOS FINANCIAL from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $95.00 price objective (up from $90.00) on shares of AXOS FINANCIAL in a research note on Thursday, July 31st. Keefe, Bruyette & Woods boosted their price objective on AXOS FINANCIAL from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their price objective on AXOS FINANCIAL from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group initiated coverage on AXOS FINANCIAL in a research note on Wednesday, May 21st. They set a “buy” rating and a $90.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, AXOS FINANCIAL has a consensus rating of “Moderate Buy” and a consensus price target of $90.86.

Insider Activity at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president directly owned 67,460 shares of the company’s stock, valued at $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.07% of the stock is currently owned by company insiders.

AXOS FINANCIAL Stock Up 5.8%

AX stock opened at $90.8130 on Monday. The stock’s 50 day simple moving average is $82.72 and its 200 day simple moving average is $71.92. AXOS FINANCIAL, INC has a fifty-two week low of $54.46 and a fifty-two week high of $91.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $5.13 billion, a P/E ratio of 12.17 and a beta of 1.32.

AXOS FINANCIAL (NYSE:AX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.12. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business had revenue of $321.45 million for the quarter, compared to the consensus estimate of $311.73 million. During the same period in the prior year, the business earned $1.83 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current fiscal year.

AXOS FINANCIAL announced that its Board of Directors has approved a stock repurchase program on Monday, May 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.