Axos Financial, Inc. (NYSE:AX) Shares Bought by M&G Plc

M&G Plc increased its holdings in Axos Financial, Inc. (NYSE:AX) by 12.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 171,740 shares of the company’s stock after buying an additional 18,978 shares during the period. M&G Plc’s holdings in Axos Financial were worth $9,789,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Axos Financial by 85.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,200 shares of the company’s stock worth $1,497,000 after buying an additional 12,100 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Axos Financial by 453.9% during the second quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock valued at $1,836,000 after acquiring an additional 26,324 shares during the period. CWM LLC boosted its holdings in shares of Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares during the period. Hancock Whitney Corp increased its holdings in shares of Axos Financial by 213.6% in the 1st quarter. Hancock Whitney Corp now owns 12,461 shares of the company’s stock worth $673,000 after acquiring an additional 8,488 shares during the period. Finally, Tidal Investments LLC lifted its position in Axos Financial by 10.9% in the 1st quarter. Tidal Investments LLC now owns 28,294 shares of the company’s stock valued at $1,529,000 after purchasing an additional 2,787 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

AX has been the topic of a number of recent analyst reports. Raymond James lifted their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush increased their price target on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a report on Wednesday, July 31st. Finally, Piper Sandler increased their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.00.

Axos Financial Stock Performance

Shares of NYSE AX opened at $62.71 on Wednesday. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $79.15. The firm has a market cap of $3.57 billion, a P/E ratio of 8.51 and a beta of 1.43. The stock has a fifty day moving average price of $61.63 and a two-hundred day moving average price of $56.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The business had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter last year, the business posted $1.50 earnings per share. Research analysts forecast that Axos Financial, Inc. will post 7.25 EPS for the current fiscal year.

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.