KBC Group NV Has $121,000 Stake in Axos Financial, Inc $AX

KBC Group NV decreased its stake in shares of Axos Financial, Inc (NYSE:AX) by 35.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,592 shares of the company’s stock after selling 877 shares during the quarter. KBC Group NV’s holdings in Axos Financial were worth $121,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its position in Axos Financial by 120.9% during the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after buying an additional 237 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after acquiring an additional 386 shares during the period. Sprucegrove Investment Management Ltd. bought a new stake in shares of Axos Financial in the 2nd quarter worth approximately $99,000. Quarry LP acquired a new stake in shares of Axos Financial during the 1st quarter worth approximately $119,000. Finally, GAMMA Investing LLC increased its position in shares of Axos Financial by 6.9% during the second quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock valued at $149,000 after purchasing an additional 126 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AX shares. Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Needham & Company LLC raised their price objective on shares of Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, October 31st. DA Davidson lifted their target price on shares of Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Axos Financial in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.17.

Insider Activity

In other news, EVP Candace L. Thiele sold 700 shares of Axos Financial stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the transaction, the executive vice president owned 23 shares in the company, valued at approximately $2,073.22. The trade was a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.85% of the company’s stock.

Axos Financial Stock Up 3.6%

AX opened at $79.52 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 10.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $82.10 and its 200-day simple moving average is $80.98. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.21. The firm had revenue of $323.39 million during the quarter, compared to the consensus estimate of $319.96 million. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. During the same period last year, the firm posted $1.96 EPS. Equities research analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

About Axos Financial

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.