10,262 Shares in Axos Financial, Inc $AX Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in Axos Financial, Inc (NYSE:AX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,262 shares of the company’s stock, valued at approximately $999,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new position in Axos Financial during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new stake in shares of Axos Financial during the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Axos Financial during the 3rd quarter valued at $29,000. State of Wyoming acquired a new stake in shares of Axos Financial during the 1st quarter worth $30,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AX shares. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their price target on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Needham & Company LLC upped their price target on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. DA Davidson set a $121.00 price objective on Axos Financial in a report on Friday, July 31st. Finally, Benchmark lifted their price objective on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $115.67.

Axos Financial Price Performance

Axos Financial stock opened at $96.62 on Friday. Axos Financial, Inc has a 52-week low of $74.89 and a 52-week high of $105.74. The firm has a fifty day moving average of $97.18 and a 200-day moving average of $92.52. The firm has a market capitalization of $5.50 billion, a P/E ratio of 11.41 and a beta of 1.22. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.85% of the stock is owned by company insiders.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.