Cetera Trust Company N.A Purchases Shares of 5,620 Axos Financial, Inc $AX

Cetera Trust Company N.A purchased a new position in shares of Axos Financial, Inc (NYSE:AX) during the second quarter, Holdings Channel.com reports. The fund purchased 5,620 shares of the company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Axos Financial in the 2nd quarter worth approximately $817,051,000. State Street Corp increased its stake in Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock valued at $232,315,000 after purchasing an additional 13,669 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Axos Financial by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock valued at $185,234,000 after purchasing an additional 7,509 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Axos Financial by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after buying an additional 62,269 shares during the last quarter. Finally, Davis Asset Management L.P. purchased a new position in shares of Axos Financial in the second quarter worth $149,515,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

NYSE AX opened at $96.88 on Tuesday. The stock has a 50-day simple moving average of $97.33 and a two-hundred day simple moving average of $92.47. The firm has a market capitalization of $5.50 billion, a P/E ratio of 11.44 and a beta of 1.22. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $105.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.37. The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, equities analysts forecast that Axos Financial, Inc will post 9.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.85% of the company’s stock.

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.