Axos Financial, Inc. (NYSE:AX) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. raised its stake in Axos Financial, Inc. (NYSE:AX) by 287.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,200 shares of the company’s stock after purchasing an additional 26,855 shares during the quarter. Maverick Capital Ltd. owned 0.06% of Axos Financial worth $2,069,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Norges Bank acquired a new stake in shares of Axos Financial in the 4th quarter valued at approximately $21,573,000. American Century Companies Inc. boosted 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 valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings 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 acquiring an additional 231,722 shares during the period. Finally, M&G Plc acquired a new position in Axos Financial during the first quarter worth $8,249,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AX. Piper Sandler boosted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research report on Wednesday, July 31st. Raymond James increased their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Wedbush decreased their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.75.

Axos Financial Stock Performance

NYSE:AX opened at $62.52 on Friday. 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 company has a market capitalization of $3.56 billion, a P/E ratio of 8.48 and a beta of 1.40. The firm has a 50-day moving average price of $66.93 and a two-hundred day moving average price of $59.17. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $79.15.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.80. The firm had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same period in the previous year, the firm posted $1.50 EPS. As a group, research analysts expect that Axos Financial, Inc. will post 7.17 earnings per share for the current fiscal year.

Insider Activity

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.82% of the company’s stock.

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.