Axos Financial, Inc $AX Shares Acquired by Renaissance Group LLC

Renaissance Group LLC increased its stake in shares of Axos Financial, Inc (NYSE:AX) by 31.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,190 shares of the company’s stock after purchasing an additional 20,109 shares during the quarter. Renaissance Group LLC owned 0.15% of Axos Financial worth $6,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AX. Envestnet Asset Management Inc. raised its position in Axos Financial by 16.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company’s stock worth $3,252,000 after buying an additional 6,957 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Axos Financial by 1.1% during the first quarter. New York State Common Retirement Fund now owns 17,143 shares of the company’s stock worth $1,106,000 after acquiring an additional 181 shares during the period. CWM LLC raised its holdings in Axos Financial by 110.3% during the first quarter. CWM LLC now owns 7,706 shares of the company’s stock worth $497,000 after purchasing an additional 4,042 shares in the last quarter. Csenge Advisory Group lifted its position in Axos Financial by 30.8% in the first quarter. Csenge Advisory Group now owns 8,277 shares of the company’s stock valued at $498,000 after purchasing an additional 1,948 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Axos Financial in the 1st quarter valued at approximately $2,414,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AX shares. DA Davidson lifted their price target on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, September 29th. Needham & Company LLC raised their price objective on shares of Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Axos Financial in a research report on Monday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of Axos Financial in a research report on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.17.

Insider Buying and Selling at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president directly owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.85% of the stock is currently owned by company insiders.

Axos Financial Stock Performance

NYSE:AX opened at $76.34 on Wednesday. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84. The company has a market capitalization of $4.32 billion, a P/E ratio of 10.23 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $82.95 and a two-hundred day moving average price of $80.95.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The business had revenue of $323.39 million during the quarter, compared to analysts’ expectations of $319.96 million. During the same period last year, the company posted $1.96 EPS. As a group, research analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal 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.