Axos Financial, Inc. (NYSE:AX) Stake Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 33.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,520 shares of the company’s stock after buying an additional 16,287 shares during the period. Sei Investments Co. owned approximately 0.12% of Axos Financial worth $3,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AX. American Century Companies Inc. raised its stake in Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Axos Financial by 114.1% during the fourth 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 lifted its holdings in Axos Financial by 9.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after purchasing an additional 33,366 shares during the period. Cubist Systematic Strategies LLC increased its stake in Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after buying an additional 231,722 shares during the period. Finally, Bragg Financial Advisors Inc increased its stake in Axos Financial by 1.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 357,188 shares of the company’s stock valued at $19,502,000 after buying an additional 3,527 shares during the period. 83.79% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction dated Monday, September 9th. The stock was 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 approximately $26,776,526.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.82% of the stock is currently owned by company insiders.

Axos Financial Stock Down 1.1 %

AX stock opened at $59.90 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $3.41 billion, a PE ratio of 8.11 and a beta of 1.40. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15. The firm has a 50 day simple moving average of $66.32 and a 200 day simple moving average of $59.54.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same quarter in the prior year, the firm earned $1.50 EPS. Equities research analysts forecast that Axos Financial, Inc. will post 7.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AX shares. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Raymond James increased their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Finally, Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.75.

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.