M&G Plc Takes Position in Axos Financial, Inc. (NYSE:AX)

M&G Plc purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 152,762 shares of the company’s stock, valued at approximately $8,249,000. M&G Plc owned approximately 0.27% of Axos Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Eagle Investment Management LLC increased its holdings in Axos Financial by 7.2% in the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock valued at $10,136,000 after buying an additional 12,650 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Axos Financial by 54.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,012 shares of the company’s stock worth $1,352,000 after acquiring an additional 8,770 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Axos Financial by 5.9% during the 1st quarter. ProShare Advisors LLC now owns 10,948 shares of the company’s stock valued at $592,000 after acquiring an additional 612 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Axos Financial by 36.7% during the 1st quarter. Russell Investments Group Ltd. now owns 18,447 shares of the company’s stock valued at $997,000 after acquiring an additional 4,957 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Axos Financial by 9.7% during the first quarter. Sei Investments Co. now owns 49,233 shares of the company’s stock worth $2,660,000 after purchasing an additional 4,370 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AX shares. Piper Sandler increased their target price on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 price objective on shares of Axos Financial in a research note on Tuesday, June 4th. Finally, Wedbush restated a “neutral” rating and issued a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Stock Performance

Shares of AX stock traded up $1.06 during trading hours on Friday, reaching $70.87. The stock had a trading volume of 503,690 shares, compared to its average volume of 564,709. The firm has a market capitalization of $4.04 billion, a PE ratio of 9.62 and a beta of 1.43. The firm has a 50-day simple moving average of $57.57 and a 200-day simple moving average of $54.44. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $73.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. The company had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same quarter last year, the business earned $1.35 earnings per share. As a group, equities analysts forecast that Axos Financial, Inc. will post 6.76 earnings per share for the current year.

Axos Financial Profile

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.