Russell Investments Group Ltd. Boosts Holdings in Axos Financial Inc (NYSE:AX)

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Russell Investments Group Ltd. boosted its position in Axos Financial Inc (NYSE:AX) by 115.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,740 shares of the company’s stock after buying an additional 39,517 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Axos Financial worth $2,009,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AX. Pembroke Management LTD purchased a new position in Axos Financial in the 2nd quarter valued at $23,490,000. JPMorgan Chase & Co. purchased a new stake in shares of Axos Financial during the 1st quarter worth $20,716,000. Wasatch Advisors Inc. purchased a new stake in shares of Axos Financial during the 1st quarter worth $17,727,000. Royce & Associates LP purchased a new stake in shares of Axos Financial during the 1st quarter worth $12,758,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Axos Financial during the 1st quarter worth $10,625,000. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. B. Riley set a $33.00 target price on shares of Axos Financial and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, ValuEngine upgraded shares of Axos Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Axos Financial has an average rating of “Buy” and an average price target of $38.80.

Shares of NYSE AX traded up $0.16 during trading on Thursday, hitting $28.52. 5,892 shares of the company were exchanged, compared to its average volume of 330,681. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.94 and a beta of 1.02. Axos Financial Inc has a 1 year low of $23.87 and a 1 year high of $36.96. The firm’s fifty day moving average price is $26.83 and its 200 day moving average price is $28.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.12.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $124.58 million. Axos Financial had a return on equity of 16.79% and a net margin of 23.92%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, research analysts forecast that Axos Financial Inc will post 3.01 earnings per share for the current year.

About Axos Financial

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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