30,624 Shares in Axos Financial, Inc $AX Acquired by Formula Growth Ltd.

Formula Growth Ltd. bought a new position in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 30,624 shares of the company’s stock, valued at approximately $2,982,000.

Several other hedge funds have also recently bought and sold shares of AX. Eurizon Capital SGR S.p.A. bought a new position in Axos Financial in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new stake in shares of Axos Financial during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. bought a new stake in shares of Axos Financial during the third quarter worth $29,000. State of Wyoming acquired a new stake in shares of Axos Financial during the first quarter worth $30,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 333 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. 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 value of $52,650.00. Following the sale, the director directly owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.85% of the company’s stock.

Axos Financial Price Performance

Shares of AX opened at $97.36 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 twelve month low of $74.89 and a twelve month high of $105.74. The stock has a market capitalization of $5.52 billion, a P/E ratio of 11.49 and a beta of 1.22. The company has a 50 day moving average of $97.91 and a 200-day moving average of $92.44.

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

Wall Street Analysts Forecast Growth

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

About Axos Financial

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.