Axos Financial, Inc $AX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in Axos Financial, Inc (NYSE:AX) by 43.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 470,586 shares of the company’s stock after selling 367,267 shares during the period. Wellington Management Group LLP’s holdings in Axos Financial were worth $45,830,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Axos Financial during the second quarter worth approximately $817,051,000. Davis Asset Management L.P. bought a new stake in Axos Financial during the 2nd quarter valued at $149,515,000. Bank of New York Mellon Corp bought a new stake in Axos Financial during the 2nd quarter valued at $36,816,000. Franklin Resources Inc. boosted its position in Axos Financial by 198.0% during the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock worth $35,060,000 after acquiring an additional 275,191 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Axos Financial in the second quarter worth $24,453,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AX. DA Davidson set a $121.00 price target on Axos Financial in a report on Friday, July 31st. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Needham & Company LLC boosted their price target on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Benchmark upped their price target 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.67.

Insiders Place Their Bets

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

Axos Financial Stock Up 1.1%

AX opened at $97.03 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $5.51 billion, a PE ratio of 11.46 and a beta of 1.22. The stock’s fifty day moving average is $98.40 and its 200-day moving average is $92.44. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.37. The business had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $375.54 million. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.During the same quarter last year, the business posted $1.94 earnings per share. On average, equities analysts predict that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

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.