Axos Financial, Inc $AX Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Axos Financial, Inc (NYSE:AX) by 4.9% in the 1st quarter, Holdings Channel reports. The firm owned 353,951 shares of the company’s stock after buying an additional 16,627 shares during the period. Principal Financial Group Inc.’s holdings in Axos Financial were worth $30,118,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in Axos Financial by 198.0% in the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock worth $35,060,000 after buying an additional 275,191 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Axos Financial by 56.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock valued at $31,973,000 after acquiring an additional 133,529 shares during the last quarter. UBS Group AG lifted its position in shares of Axos Financial by 65.7% during the 3rd quarter. UBS Group AG now owns 267,312 shares of the company’s stock valued at $22,628,000 after acquiring an additional 106,003 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Axos Financial by 712.9% during the 4th quarter. Cerity Partners LLC now owns 112,014 shares of the company’s stock worth $9,651,000 after acquiring an additional 98,235 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Axos Financial by 18.6% during the 4th quarter. Wellington Management Group LLP now owns 528,300 shares of the company’s stock worth $45,518,000 after acquiring an additional 82,888 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the completion of the sale, the director directly owned 7,646 shares in the company, valued at approximately $671,089.42. This trade represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares in the company, valued at approximately $384,671.84. This trade represents a 26.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

AX has been the topic of a number of recent research reports. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Zacks Research lowered Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, Benchmark assumed coverage on Axos Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $110.33.

Axos Financial Trading Down 0.1%

Axos Financial stock opened at $99.44 on Monday. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $102.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 12.08 and a beta of 1.23. The company has a 50 day moving average price of $90.79 and a 200 day moving average price of $91.28.

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