Russell Investments Group Ltd. Buys 38,231 Shares of Axos Financial, Inc $AX

Russell Investments Group Ltd. increased its stake in shares of Axos Financial, Inc (NYSE:AX) by 96.7% during the second quarter, HoldingsChannel.com reports. The firm owned 77,783 shares of the company’s stock after buying an additional 38,231 shares during the period. Russell Investments Group Ltd.’s holdings in Axos Financial were worth $5,915,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Axos Financial by 13.0% in the second quarter. J.W. Cole Advisors Inc. now owns 4,690 shares of the company’s stock worth $357,000 after buying an additional 540 shares in the last quarter. Oak Associates Ltd. OH purchased a new position in Axos Financial during the second quarter valued at approximately $543,000. Steward Partners Investment Advisory LLC increased its holdings in Axos Financial by 49.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,709 shares of the company’s stock worth $282,000 after acquiring an additional 1,227 shares during the period. Summit Global Investments lifted its stake in Axos Financial by 1.6% in the 2nd quarter. Summit Global Investments now owns 9,988 shares of the company’s stock worth $759,000 after purchasing an additional 159 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Axos Financial by 2,216.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,988 shares of the company’s stock worth $227,000 after purchasing an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Monday, September 29th. DA Davidson lifted their price objective on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Needham & Company LLC boosted their target price on Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Raymond James Financial restated an “outperform” rating and issued a $100.00 target price (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a research report on Monday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.17.

Axos Financial Stock Up 1.0%

AX opened at $84.87 on Friday. The stock has a market cap of $4.81 billion, a PE ratio of 11.36 and a beta of 1.28. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $93.84. The business’s fifty day simple moving average is $81.02 and its 200 day simple moving average is $81.72.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.21. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.The firm had revenue of $323.39 million during the quarter, compared to analyst estimates of $319.96 million. During the same quarter in the previous year, the company posted $1.96 earnings per share. As a group, research analysts expect that Axos Financial, Inc will post 7.22 earnings per share 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.