Quantbot Technologies LP Invests $2.36 Million in Axos Financial, Inc $AX

Quantbot Technologies LP bought a new stake in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,231 shares of the company’s stock, valued at approximately $2,360,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AX. Royal Bank of Canada increased its position in Axos Financial by 0.9% during the first quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock valued at $7,031,000 after acquiring an additional 1,015 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Axos Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock worth $2,099,000 after acquiring an additional 1,429 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Axos Financial in the 1st quarter worth about $212,000. Cetera Investment Advisers boosted its stake in shares of Axos Financial by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after purchasing an additional 141 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Axos Financial during the 2nd quarter worth about $6,252,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX stock opened at $96.88 on Tuesday. The company has a market capitalization of $5.50 billion, a P/E ratio of 11.44 and a beta of 1.22. The company’s 50-day simple moving average is $97.33 and its two-hundred day simple moving average is $92.47. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $1.94 earnings per share. As a group, equities analysts anticipate that Axos Financial, Inc will post 9.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on AX shares. Needham & Company LLC increased their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Benchmark upped their target price on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods increased their price target 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 price target on Axos Financial in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

Insiders Place Their Bets

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the sale, the director directly owned 7,146 shares in the company, valued at approximately $752,473.80. This represents a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.85% of the stock is currently owned by company insiders.

About Axos Financial

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.