Axos Financial, Inc $AX Shares Bought by Renaissance Group LLC

Renaissance Group LLC grew its stake in Axos Financial, Inc (NYSE:AX) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,050 shares of the company’s stock after purchasing an additional 7,860 shares during the period. Renaissance Group LLC owned approximately 0.16% of Axos Financial worth $7,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in Axos Financial by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock valued at $180,832,000 after buying an additional 226,892 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Axos Financial in the second quarter valued at about $9,639,000. Edgestream Partners L.P. increased its stake in shares of Axos Financial by 199.7% during the second quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock worth $12,568,000 after acquiring an additional 110,136 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Axos Financial by 62.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock worth $21,538,000 after purchasing an additional 99,042 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in Axos Financial in the second quarter valued at about $6,460,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Up 3.0%

Axos Financial stock opened at $101.24 on Friday. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $101.70. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 1.27. The stock’s fifty day moving average is $90.28 and its two-hundred day moving average is $86.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.07 by $0.18. The business had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. Analysts predict that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Edward James Ratinoff sold 2,145 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the sale, the director owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James John Court sold 11,163 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director owned 32,169 shares in the company, valued at approximately $3,249,390.69. This trade represents a 25.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 63,593 shares of company stock valued at $6,274,883. 4.85% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AX shares. Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. DA Davidson upped their price objective on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Finally, Needham & Company LLC upped their price target on shares of Axos Financial from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of “Buy” and a consensus target price of $104.50.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.