Quantbot Technologies LP Acquires New Holdings in Axos Financial, Inc $AX

Quantbot Technologies LP acquired a new position in Axos Financial, Inc (NYSE:AX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,231 shares of the company’s stock, valued at approximately $2,360,000.

A number of other hedge funds also recently bought and sold shares of AX. Evolve Private Wealth LLC bought a new stake in Axos Financial during the 2nd quarter valued at $1,400,000. Orchard Capital Management LLC bought a new position in shares of Axos Financial in the 2nd quarter worth $2,190,000. Ieq Capital LLC bought a new position in shares of Axos Financial in the 2nd quarter worth $929,000. Keebeck Wealth Management purchased a new stake in shares of Axos Financial during the 2nd quarter worth $602,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Axos Financial during the 2nd quarter worth $1,230,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Axos Financial Stock Up 0.2%

Axos Financial stock opened at $96.88 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.44 and a beta of 1.22. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The business has a fifty day moving average price of $97.33 and a 200-day moving average price of $92.47.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. During the same period in the previous year, the business earned $1.94 EPS. Equities research analysts forecast that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.85% of the company’s stock.

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.