Xponance Inc. Has $373,000 Holdings in Axos Financial, Inc. (NYSE:AX)

Xponance Inc. lifted its holdings in Axos Financial, Inc. (NYSE:AX) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,523 shares of the company’s stock after purchasing an additional 1,103 shares during the period. Xponance Inc.’s holdings in Axos Financial were worth $373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hollencrest Capital Management acquired a new stake in Axos Financial in the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in Axos Financial during the fourth quarter worth $26,000. Investment Research & Advisory Group Inc. acquired a new position in Axos Financial during the 1st quarter valued at $27,000. EntryPoint Capital LLC boosted its holdings in 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 period. Finally, Advisors Asset Management Inc. grew its position in Axos Financial by 122.5% in the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock worth $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 Stock Performance

NYSE:AX opened at $60.58 on Wednesday. The firm has a market capitalization of $3.45 billion, a PE ratio of 8.22 and a beta of 1.40. The company has a quick ratio of 1.08, a current 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 50-day moving average price of $66.58 and a 200 day moving average price of $59.46.

Axos Financial (NYSE:AX) 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. The business had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same period in the prior year, the firm posted $1.50 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research report on Wednesday, July 31st. Piper Sandler raised their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wedbush decreased their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Raymond James upped 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Axos Financial presently has an average rating of “Hold” and a consensus price target of $79.75.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.82% of the company’s stock.

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.