Algert Global LLC Buys 16,448 Shares of Axos Financial, Inc. (NYSE:AX)

Algert Global LLC lifted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 183,352 shares of the company’s stock after purchasing an additional 16,448 shares during the quarter. Algert Global LLC’s holdings in Axos Financial were worth $10,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. grew its position in Axos Financial by 26.2% during 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after buying an additional 423,930 shares in the last quarter. Norges Bank purchased a new position in Axos Financial during the fourth quarter worth about $21,573,000. Emerald Mutual Fund Advisers Trust grew its position in Axos Financial by 9.6% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after buying an additional 33,366 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Axos Financial by 167.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after buying an additional 231,722 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insider Activity

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

Axos Financial Price Performance

AX opened at $62.28 on Friday. The stock has a 50-day moving average price of $66.76 and a 200-day moving average price of $59.30. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.55 billion, a P/E ratio of 8.45 and a beta of 1.40.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the previous year, the company posted $1.50 EPS. Equities analysts predict that Axos Financial, Inc. will post 7.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a research report on Wednesday, July 31st. Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Piper Sandler upped their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Raymond James upped their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Hold” and an average price target of $79.75.

Axos Financial Company 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.