First Eagle Investment Management LLC Has $12.21 Million Position in Axos Financial, Inc. (NYSE:AX)

First Eagle Investment Management LLC raised its holdings in Axos Financial, Inc. (NYSE:AX) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,572 shares of the company’s stock after acquiring an additional 26,000 shares during the quarter. First Eagle Investment Management LLC owned about 0.37% of Axos Financial worth $12,206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC acquired a new stake in shares of Axos Financial in the fourth quarter worth about $564,000. Norges Bank bought a new stake in Axos Financial during the fourth quarter worth approximately $21,573,000. PNC Financial Services Group Inc. grew its holdings in Axos Financial by 8.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock valued at $290,000 after purchasing an additional 394 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Axos Financial by 3.5% in the fourth quarter. D.A. Davidson & CO. now owns 25,264 shares of the company’s stock valued at $1,379,000 after purchasing an additional 861 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Axos Financial in the fourth quarter worth $1,743,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on 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 approximately $26,776,526.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.82% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wedbush lifted their target price on shares of Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a research note on Wednesday, July 31st. Piper Sandler increased their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Axos Financial currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Axos Financial Stock Performance

NYSE:AX opened at $68.10 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50-day moving average is $67.30 and its 200-day moving average is $58.70. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.40.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The firm 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 firm posted $1.50 EPS. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share 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.