Livforsakringsbolaget Skandia Omsesidigt Invests $4.35 Million in Axos Financial, Inc $AX

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Axos Financial, Inc (NYSE:AX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,700 shares of the company’s stock, valued at approximately $4,353,000.

A number of other institutional investors also recently added to or reduced their stakes in AX. Eurizon Capital SGR S.p.A. bought a new stake in shares of Axos Financial during the fourth quarter valued at about $26,000. Basepoint Wealth LLC bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Axos Financial during the third quarter valued at approximately $29,000. State of Wyoming bought a new stake in Axos Financial during the first quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Axos Financial Trading Up 0.5%

Shares of NYSE AX opened at $97.83 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial, Inc has a 12 month low of $74.89 and a 12 month high of $105.74. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 11.55 and a beta of 1.22. The business has a fifty day simple moving average of $98.10 and a 200-day simple moving average of $92.48.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. During the same quarter in the previous year, the company earned $1.94 EPS. Sell-side analysts predict that Axos Financial, Inc will post 9.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Company 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.