OP Asset Management Ltd Invests $1.65 Million in Axos Financial, Inc $AX

OP Asset Management Ltd bought a new position in shares of Axos Financial, Inc (NYSE:AX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 19,397 shares of the company’s stock, valued at approximately $1,650,000.

Several other institutional investors also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. acquired a new position in Axos Financial in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new stake in shares of Axos Financial during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. purchased a new position in shares of Axos Financial during the 3rd quarter valued at approximately $29,000. Torren Management LLC purchased a new position in shares of Axos Financial during the 4th quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Axos Financial by 43.2% in the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director directly owned 7,646 shares in the company, valued at $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 4,592 shares in the company, valued at approximately $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AX shares. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Monday, March 16th. Finally, Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.40.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $96.38 on Monday. The stock has a market capitalization of $5.48 billion, a P/E ratio of 11.71 and a beta of 1.24. The business has a 50 day simple moving average of $89.69 and a two-hundred day simple moving average of $90.12. Axos Financial, Inc has a 12 month low of $74.89 and a 12 month high of $101.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The firm had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. During the same period in the prior year, the firm earned $1.81 earnings per share. As a group, analysts predict that Axos Financial, Inc will post 8.38 EPS for the current fiscal year.

Axos Financial Company 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.