Virtu Financial LLC Makes New $380,000 Investment in Axos Financial, Inc. (NYSE:AX)

Virtu Financial LLC purchased a new stake in shares of Axos Financial, Inc. (NYSE:AX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,967 shares of the company’s stock, valued at approximately $380,000.

Other large investors have also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $253,000. Orchard Capital Management LLC grew its stake in Axos Financial by 5.3% in the fourth quarter. Orchard Capital Management LLC now owns 313,313 shares of the company’s stock valued at $17,107,000 after purchasing an additional 15,677 shares in the last quarter. Bragg Financial Advisors Inc increased its position in Axos Financial by 1.0% in the 4th quarter. Bragg Financial Advisors Inc now owns 357,188 shares of the company’s stock worth $19,502,000 after purchasing an additional 3,527 shares during the last quarter. Avenir Corp acquired a new position in Axos Financial in the 4th quarter worth about $1,135,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after purchasing an additional 231,722 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AX. Wedbush restated a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday, May 1st. Piper Sandler raised their price target on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $79.00 price objective on shares of Axos Financial in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Axos Financial Stock Performance

NYSE:AX opened at $53.36 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $63.00. The firm’s fifty day simple moving average is $54.86 and its 200 day simple moving average is $53.20. The firm has a market capitalization of $3.04 billion, a PE ratio of 7.24 and a beta of 1.39.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The company had revenue of $476.73 million during the quarter, compared to analysts’ expectations of $277.85 million. During the same period in the prior year, the business earned $1.35 earnings per share. On average, sell-side analysts anticipate that Axos Financial, Inc. will post 6.76 EPS for the current year.

About Axos Financial

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.