Amalgamated Bank Has $1 Million Holdings in Axos Financial, Inc. (NYSE:AX)

Amalgamated Bank increased its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,956 shares of the company’s stock after acquiring an additional 322 shares during the period. Amalgamated Bank’s holdings in Axos Financial were worth $1,003,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AX. American Century Companies Inc. increased its position in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after acquiring an additional 321,494 shares during the last quarter. Millennium Management LLC raised its stake in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after purchasing an additional 190,584 shares in the last quarter. M&G Plc bought a new stake in shares of Axos Financial during the 1st quarter worth approximately $8,249,000. Epoch Investment Partners Inc. acquired a new stake in shares of Axos Financial in the 1st quarter valued at approximately $7,829,000. Finally, Renaissance Technologies LLC bought a new position in shares of Axos Financial in the second quarter valued at $5,077,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AX shares. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James raised their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Needham & Company LLC boosted their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.80.

Axos Financial Stock Down 1.6 %

Axos Financial stock opened at $80.53 on Friday. Axos Financial, Inc. has a twelve month low of $36.93 and a twelve month high of $85.54. The stock has a market cap of $4.60 billion, a P/E ratio of 9.75 and a beta of 1.38. The company’s 50-day moving average price is $66.68 and its two-hundred day moving average price is $63.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the firm posted $1.41 EPS. As a group, analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.