Summit Global Investments Purchases 482 Shares of Axos Financial, Inc. (NYSE:AX)

Summit Global Investments lifted its position in shares of Axos Financial, Inc. (NYSE:AX) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,681 shares of the company’s stock after purchasing an additional 482 shares during the period. Summit Global Investments’ holdings in Axos Financial were worth $1,238,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after buying an additional 70,017 shares during the period. Amalgamated Bank lifted its stake in Axos Financial by 2.1% in the third quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after acquiring an additional 322 shares during the period. Emerald Advisers LLC boosted its holdings in Axos Financial by 14.4% in the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after acquiring an additional 63,458 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock valued at $26,564,000 after acquiring an additional 40,184 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares during the period. 83.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AX shares. Raymond James boosted their price target on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wedbush reduced their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC lifted their price target on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Piper Sandler boosted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Axos Financial presently has a consensus rating of “Hold” and a consensus price target of $79.80.

Axos Financial Trading Up 1.6 %

Axos Financial stock opened at $80.63 on Friday. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $82.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $65.49 and its two-hundred day simple moving average is $62.36. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 9.76 and a beta of 1.38.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm posted $1.41 EPS. As a group, equities analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.

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.