Bullseye Investment Management LLC Invests $1.54 Million in Axos Financial, Inc $AX

Bullseye Investment Management LLC bought a new position in Axos Financial, Inc (NYSE:AX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,786 shares of the company’s stock, valued at approximately $1,537,000. Axos Financial makes up 0.8% of Bullseye Investment Management LLC’s holdings, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AX. BlackRock Inc. purchased a new position in Axos Financial in the second quarter worth about $817,051,000. Principal Financial Group Inc. raised its position in Axos Financial by 4.9% during the first quarter. Principal Financial Group Inc. now owns 353,951 shares of the company’s stock valued at $30,118,000 after purchasing an additional 16,627 shares during the period. Jackson Creek Investment Advisors LLC lifted its stake in shares of Axos Financial by 714.0% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock valued at $1,786,000 after purchasing an additional 18,179 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of Axos Financial by 12.3% in the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock valued at $26,618,000 after purchasing an additional 33,854 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares during the period. 83.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AX. 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. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Needham & Company LLC raised their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, July 31st. DA Davidson set a $121.00 price target on shares of Axos Financial in a research note on Friday, July 31st. Finally, 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. One equities research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.67.

Axos Financial Stock Down 0.5%

NYSE:AX traded down $0.49 during midday trading on Friday, reaching $93.23. 327,915 shares of the stock traded hands, compared to its average volume of 381,177. The stock has a market capitalization of $5.29 billion, a PE ratio of 11.01 and a beta of 1.22. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month 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. The business has a 50-day moving average of $98.26 and a two-hundred day moving average of $92.39.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share 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 business had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. During the same quarter last year, the company 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 fiscal year.

Insider Activity at Axos Financial

In related news, Director Roque Santi sold 500 shares of the firm’s 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 owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.85% of the stock is owned by insiders.

Axos Financial Company Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.