Lazard Asset Management LLC Boosts Stake in Axos Financial, Inc. (NYSE:AX)

Lazard Asset Management LLC raised its holdings in Axos Financial, Inc. (NYSE:AX) by 6.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 260,100 shares of the company’s stock after acquiring an additional 14,953 shares during the quarter. Lazard Asset Management LLC’s holdings in Axos Financial were worth $14,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Axos Financial by 114.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Norges Bank bought a new position in shares of Axos Financial in the 4th quarter worth $21,573,000. Cubist Systematic Strategies LLC raised its position in shares of Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after buying an additional 231,722 shares in the last quarter. M&G Plc bought a new stake in shares of Axos Financial during the 1st quarter worth $8,249,000. Finally, Epoch Investment Partners Inc. purchased a new position in Axos Financial in the first quarter worth $7,829,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Up 1.9 %

Shares of Axos Financial stock traded up $1.43 during trading on Friday, hitting $76.58. The company’s stock had a trading volume of 769,857 shares, compared to its average volume of 600,761. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $77.31. The company has a market capitalization of $4.36 billion, a PE ratio of 10.39 and a beta of 1.43. The company has a fifty day simple moving average of $58.82 and a two-hundred day simple moving average of $55.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07.

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

Wall Street Analysts Forecast Growth

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

About Axos Financial

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.