Russell Investments Group Ltd. Raises Position in Axos Financial, Inc $AX

Russell Investments Group Ltd. boosted its stake in Axos Financial, Inc (NYSE:AX) by 96.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,783 shares of the company’s stock after buying an additional 38,231 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Axos Financial worth $5,915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in shares of Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after acquiring an additional 237 shares in the last quarter. IFP Advisors Inc lifted its holdings in Axos Financial by 360.7% during the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after acquiring an additional 386 shares during the period. Sprucegrove Investment Management Ltd. purchased a new position in Axos Financial in the second quarter worth $99,000. Quarry LP bought a new position in Axos Financial in the 1st quarter valued at $119,000. Finally, MAI Capital Management grew its stake in Axos Financial by 10.2% in the 2nd quarter. MAI Capital Management now owns 1,653 shares of the company’s stock valued at $126,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 1.0%

Shares of Axos Financial stock opened at $84.87 on Friday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 11.36 and a beta of 1.28. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $81.02 and its 200 day simple moving average is $81.72.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. The firm had revenue of $323.39 million during the quarter, compared to analyst estimates of $319.96 million. During the same quarter last year, the business earned $1.96 earnings per share. As a group, research analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current year.

Analyst Upgrades and Downgrades

AX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. DA Davidson raised their price objective on shares of Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Axos Financial in a research report on Monday. Needham & Company LLC increased their target price on shares of Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and a consensus price target of $97.17.

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.