Persistent Asset Partners Ltd Has $1.08 Million Stock Holdings in Axos Financial, Inc $AX

Persistent Asset Partners Ltd decreased its stake in Axos Financial, Inc (NYSE:AX) by 32.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,729 shares of the company’s stock after selling 6,052 shares during the quarter. Persistent Asset Partners Ltd’s holdings in Axos Financial were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in AX. denkapparat Operations GmbH purchased a new position in Axos Financial during the 3rd quarter worth approximately $202,000. Summitry LLC acquired a new position in Axos Financial during the third quarter valued at $217,000. JPMorgan Chase & Co. boosted its position in Axos Financial by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 330,886 shares of the company’s stock worth $28,010,000 after acquiring an additional 50,902 shares during the period. Public Sector Pension Investment Board grew its stake in Axos Financial by 6.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 219,935 shares of the company’s stock valued at $18,617,000 after acquiring an additional 12,648 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Axos Financial by 1.1% in the third quarter. Rhumbline Advisers now owns 161,346 shares of the company’s stock worth $13,658,000 after purchasing an additional 1,742 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AX has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Axos Financial in a research note on Friday, February 13th. Finally, DA Davidson raised their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Axos Financial has a consensus rating of “Buy” and a consensus target price of $104.50.

Insiders Place Their Bets

In related news, Director James John Court sold 11,163 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the completion of the sale, the director owned 32,169 shares in the company, valued at $3,249,390.69. This represents a 25.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Derrick Walsh sold 4,846 shares of Axos Financial stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the transaction, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,593 shares of company stock valued at $6,274,883 in the last ninety days. Company insiders own 4.85% of the company’s stock.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $97.06 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $92.59 and a 200-day simple moving average of $87.31. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 12.30 and a beta of 1.27. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $101.92.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The firm had revenue of $385.09 million for the quarter, compared to the consensus estimate of $345.89 million. During the same quarter last year, the firm posted $1.82 EPS. The business’s quarterly revenue was up 25.1% on a year-over-year basis. On average, sell-side analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Axos Financial 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.