Foyston Gordon & Payne Inc Invests $514,000 in Axos Financial, Inc $AX

Foyston Gordon & Payne Inc purchased a new stake in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,282 shares of the company’s stock, valued at approximately $514,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Axos Financial in the second quarter valued at $817,051,000. Bank of New York Mellon Corp acquired a new stake in shares of Axos Financial during the 2nd quarter worth about $36,816,000. Franklin Resources Inc. raised its holdings in Axos Financial by 198.0% in the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after buying an additional 275,191 shares during the period. Goldman Sachs Group Inc. lifted its position in Axos Financial by 56.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock valued at $31,973,000 after buying an additional 133,529 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Axos Financial by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock worth $37,203,000 after buying an additional 119,523 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

Shares of AX stock opened at $96.62 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The stock has a market capitalization of $5.50 billion, a PE ratio of 11.41 and a beta of 1.22. The firm has a 50 day moving average of $97.18 and a two-hundred day moving average of $92.52.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. DA Davidson set a $121.00 price target on Axos Financial in a research report on Friday, July 31st. Needham & Company LLC lifted their price objective on Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, Benchmark increased their target price on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

Insider Activity

In related news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.85% of the company’s stock.

Axos Financial Company 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.