Axos Financial, Inc $AX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Axos Financial, Inc (NYSE:AX) by 236.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 56,525 shares of the company’s stock after acquiring an additional 39,729 shares during the quarter. Quantinno Capital Management LP’s holdings in Axos Financial were worth $4,810,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AX. Empirical Finance LLC raised its stake in Axos Financial by 86.6% during the 1st quarter. Empirical Finance LLC now owns 178,281 shares of the company’s stock worth $15,170,000 after acquiring an additional 82,715 shares in the last quarter. Keebeck Wealth Management boosted its stake in Axos Financial by 10.6% in the first quarter. Keebeck Wealth Management now owns 6,509 shares of the company’s stock valued at $554,000 after acquiring an additional 624 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Axos Financial by 8.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 122,888 shares of the company’s stock worth $10,457,000 after purchasing an additional 9,659 shares during the last quarter. Oak Associates Ltd. OH grew its holdings in shares of Axos Financial by 3.9% during the first quarter. Oak Associates Ltd. OH now owns 7,059 shares of the company’s stock worth $601,000 after purchasing an additional 267 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Axos Financial by 14.8% during the first quarter. Lido Advisors LLC now owns 7,060 shares of the company’s stock worth $601,000 after purchasing an additional 910 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $102.03 on Friday. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 12.05 and a beta of 1.22. The company has a 50-day simple moving average of $94.72 and a 200-day simple moving average of $92.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04.

Insider Buying and Selling

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the sale, the executive vice president directly owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AX. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Benchmark initiated coverage on Axos Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. DA Davidson set a $121.00 price objective on Axos Financial in a report on Friday, July 31st. Finally, 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 research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $114.83.

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.