Axos Financial, Inc $AX Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its position in shares of Axos Financial, Inc (NYSE:AX) by 64.8% in the second quarter, Holdings Channel.com reports. The fund owned 63,581 shares of the company’s stock after selling 116,826 shares during the quarter. Squarepoint Ops LLC’s holdings in Axos Financial were worth $6,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AX. BlackRock Inc. purchased a new position in shares of Axos Financial in the 2nd quarter worth about $817,051,000. California State Teachers Retirement System grew its holdings in shares of Axos Financial by 8,982.1% during the 2nd quarter. California State Teachers Retirement System now owns 5,667,319 shares of the company’s stock worth $551,940,000 after purchasing an additional 5,604,918 shares during the period. Davis Asset Management L.P. acquired a new stake in Axos Financial during the 2nd quarter worth approximately $149,515,000. Bank of New York Mellon Corp purchased a new position in Axos Financial in the second quarter valued at approximately $36,816,000. Finally, Franklin Resources Inc. raised its holdings in Axos Financial by 198.0% in the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after buying an additional 275,191 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on AX. Keefe, Bruyette & Woods lifted their price target 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. Needham & Company LLC increased their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Benchmark lifted their target price 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. Finally, DA Davidson set a $121.00 price target on shares of Axos Financial in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.67.

Axos Financial Stock Down 0.5%

Shares of NYSE:AX opened at $93.23 on Friday. The firm has a market cap of $5.29 billion, a PE ratio of 11.01 and a beta of 1.22. The company has a fifty day simple moving average of $98.17 and a 200 day simple moving average of $92.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month high of $105.74.

Axos Financial (NYSE:AX) last released 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. The firm had revenue of $379.77 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.94 earnings per share. On average, equities research analysts anticipate that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director Roque Santi sold 500 shares of Axos Financial stock in a transaction on Wednesday, August 5th. The stock was 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 of the company’s stock, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.85% of the stock is currently owned by corporate insiders.

About Axos Financial

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.