Axos Financial, Inc. (NYSE:AX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 250,700 shares of the company’s stock after selling 12,799 shares during the period. Principal Financial Group Inc. owned 0.44% of Axos Financial worth $14,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Axos Financial in the 4th quarter valued at $26,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Axos Financial in the 1st quarter valued at $27,000. EntryPoint Capital LLC lifted its stake in shares of Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Axos Financial in the 4th quarter valued at $44,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Axos Financial by 122.5% in the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

AX opened at $65.88 on Friday. The stock’s 50-day moving average price is $66.07 and its 200 day moving average price is $57.88. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 8.94 and a beta of 1.40.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The company had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. During the same quarter in the prior year, the business earned $1.50 EPS. As a group, sell-side analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wedbush upped their price target on Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research note on Wednesday, July 31st. Piper Sandler increased their target price on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial currently has an average rating of “Hold” and an average target price of $81.00.

About Axos Financial

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.