Axos Financial, Inc $AX Stake Lifted by Focus Partners Wealth

Focus Partners Wealth increased its stake in shares of Axos Financial, Inc (NYSE:AX) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,165 shares of the company’s stock after buying an additional 430 shares during the quarter. Focus Partners Wealth owned about 0.07% of Axos Financial worth $2,656,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in Axos Financial by 14.7% during the 1st quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock worth $138,797,000 after acquiring an additional 276,450 shares during the period. Ameriprise Financial Inc. boosted its position in Axos Financial by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 681,878 shares of the company’s stock worth $43,994,000 after acquiring an additional 4,332 shares during the period. Nuveen LLC acquired a new stake in shares of Axos Financial in the first quarter valued at $35,240,000. Emerald Advisers LLC lifted its holdings in shares of Axos Financial by 11.4% in the first quarter. Emerald Advisers LLC now owns 533,586 shares of the company’s stock valued at $34,427,000 after buying an additional 54,466 shares during the period. Finally, Boston Partners lifted its holdings in shares of Axos Financial by 18.2% in the first quarter. Boston Partners now owns 504,815 shares of the company’s stock valued at $31,191,000 after buying an additional 77,730 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Stock Performance

Shares of AX stock opened at $90.17 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $93.84. The stock’s 50-day moving average is $87.51 and its two-hundred day moving average is $74.43. The firm has a market cap of $5.09 billion, a P/E ratio of 12.09 and a beta of 1.32.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, beating 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 last year, the business earned $1.83 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the subject of several research analyst reports. DA Davidson upped their price objective on Axos Financial from $96.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $95.00 target price (up from $90.00) on shares of Axos Financial in a report on Thursday, July 31st. Jefferies Financial Group started coverage on Axos Financial in a research note on Wednesday, May 21st. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.86.

Insiders Place Their Bets

In related news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares in the company, valued at approximately $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 13,960 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the transaction, the executive vice president owned 67,460 shares of the company’s stock, valued at $5,759,734.80. The trade was a 17.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Company 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.