Quantbot Technologies LP Acquires 14,365 Shares of Axos Financial, Inc. (NYSE:AX)

Quantbot Technologies LP raised its stake in shares of Axos Financial, Inc. (NYSE:AX) by 44.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,789 shares of the company’s stock after buying an additional 14,365 shares during the period. Quantbot Technologies LP owned 0.08% of Axos Financial worth $2,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Axos Financial during the 2nd quarter worth $1,990,000. Van Hulzen Asset Management LLC boosted its holdings in Axos Financial by 4.3% during the second quarter. Van Hulzen Asset Management LLC now owns 26,449 shares of the company’s stock valued at $1,512,000 after acquiring an additional 1,082 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Axos Financial by 32.8% during the second quarter. Texas Permanent School Fund Corp now owns 58,843 shares of the company’s stock valued at $3,363,000 after acquiring an additional 14,523 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Axos Financial in the second quarter worth about $180,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

AX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a research note on Wednesday, July 31st. Wedbush lifted their price target on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Raymond James lifted their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler lifted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.00.

Insider Activity at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.82% of the stock is currently owned by insiders.

Axos Financial Stock Performance

Shares of NYSE AX opened at $65.71 on Wednesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.87 and a beta of 1.40. Axos Financial, Inc. has a one year low of $32.05 and a one year high of $79.15. The business has a fifty day simple moving average of $66.86 and a 200 day simple moving average of $58.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The company had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter in the prior year, the company posted $1.50 EPS. Sell-side analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current year.

Axos Financial Profile

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.