Legato Capital Management LLC Reduces Holdings in Axos Financial, Inc. (NYSE:AX)

Legato Capital Management LLC decreased its position in shares of Axos Financial, Inc. (NYSE:AX) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,135 shares of the company’s stock after selling 228 shares during the quarter. Legato Capital Management LLC’s holdings in Axos Financial were worth $236,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AX. Newbridge Financial Services Group Inc. purchased a new stake in shares of Axos Financial during the fourth quarter worth $26,000. Investment Research & Advisory Group Inc. purchased a new stake in Axos Financial during the 1st quarter worth about $27,000. EntryPoint Capital LLC boosted its stake in Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 441 shares during the period. FinTrust Capital Advisors LLC bought a new position in Axos Financial in the 4th quarter worth about $44,000. Finally, GAMMA Investing LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Down 0.9 %

AX traded down $0.60 during trading on Tuesday, hitting $68.26. 122,605 shares of the stock traded hands, compared to its average volume of 603,236. The firm has a market capitalization of $3.89 billion, a P/E ratio of 9.34 and a beta of 1.43. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a 50-day moving average of $63.83 and a 200 day moving average of $57.10.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate 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 quarter last year, the business posted $1.50 EPS. Equities research analysts anticipate that Axos Financial, Inc. will post 7.25 EPS for the current year.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of recent analyst reports. Piper Sandler increased 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. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a report on Wednesday, July 31st. Raymond James raised their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wedbush boosted their price target on shares of Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.