Denali Advisors LLC Takes Position in Axos Financial, Inc $AX

Denali Advisors LLC purchased a new position in Axos Financial, Inc (NYSE:AX) in the second quarter, Holdings Channel reports. The fund purchased 24,134 shares of the company’s stock, valued at approximately $2,350,000.

Several other institutional investors also recently bought and sold shares of AX. Great Lakes Advisors LLC purchased a new stake in shares of Axos Financial in the second quarter valued at approximately $999,000. BlackRock Inc. acquired a new stake in Axos Financial in the 2nd quarter valued at $817,051,000. Pallas Capital Advisors LLC purchased a new stake in Axos Financial in the 2nd quarter worth $413,000. Deutsche Bank AG acquired a new position in Axos Financial during the second quarter worth $5,628,000. Finally, Global Retirement Partners LLC purchased a new position in Axos Financial during the second quarter valued at $183,000. 83.79% of the stock is 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 the firm’s stock in a transaction 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 sale, the director directly owned 7,146 shares of the company’s stock, 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 this hyperlink. 4.85% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AX shares. Needham & Company LLC boosted their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods boosted their price objective on Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Benchmark boosted 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. Finally, DA Davidson set a $121.00 price objective on Axos Financial in a report 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.67.

Axos Financial Trading Down 1.6%

AX opened at $96.14 on Thursday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 11.35 and a beta of 1.22. The company’s 50 day simple moving average is $96.92 and its two-hundred day simple moving average is $92.52. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating 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 firm had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $375.54 million. During the same quarter last year, the firm earned $1.94 earnings per share. Analysts expect that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

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.