Corient Private Wealth LP Takes $1.72 Million Position in Axos Financial, Inc $AX

Corient Private Wealth LP acquired a new stake in Axos Financial, Inc (NYSE:AX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,674 shares of the company’s stock, valued at approximately $1,721,000.

Several other large investors have also recently added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. acquired a new stake in Axos Financial during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Axos Financial in the fourth quarter worth $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Axos Financial during the third quarter worth $29,000. State of Wyoming purchased a new stake in shares of Axos Financial during the first quarter worth $30,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after acquiring an additional 333 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Roque Santi sold 500 shares of Axos Financial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares in the company, valued at $752,473.80. This trade represents a 6.54% decrease in their position. 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 owned by corporate insiders.

Axos Financial Stock Performance

Shares of Axos Financial stock opened at $97.03 on Friday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 11.46 and a beta of 1.22. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $98.40 and its two-hundred day moving average is $92.44.

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

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.