Jupiter Topco LLC Makes New $2.33 Million Investment in Axos Financial, Inc $AX

Jupiter Topco LLC purchased a new position in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,907 shares of the company’s stock, valued at approximately $2,331,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Axos Financial in the 2nd quarter valued at $817,051,000. State Street Corp increased its position in Axos Financial by 0.5% during the fourth quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after buying an additional 13,669 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Axos Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after buying an additional 7,509 shares during the last quarter. Geode Capital Management LLC increased its position in Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after buying an additional 62,269 shares during the last quarter. Finally, Davis Asset Management L.P. bought a new position in Axos Financial during the second quarter valued at about $149,515,000. Institutional investors own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of 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 is accessible through this hyperlink. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Stock Performance

AX opened at $96.16 on Thursday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 11.35 and a beta of 1.22. The stock’s 50 day moving average price is $98.36 and its two-hundred day moving average price is $92.44. The company has a quick ratio of 1.07, a current 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $1.94 EPS. On average, equities analysts forecast that Axos Financial, Inc will post 9.59 earnings per share for the current year.

Analysts Set New Price Targets

AX has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Benchmark increased their price objective on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their target price on Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Finally, DA Davidson set a $121.00 target price on Axos Financial in a research report on Friday, July 31st. One 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

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.