Foyston Gordon & Payne Inc Buys New Holdings in Axos Financial, Inc $AX

Foyston Gordon & Payne Inc purchased a new position in shares of Axos Financial, Inc (NYSE:AX) in the 2nd quarter, Holdings Channel reports. The firm purchased 5,282 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AX. Jackson Creek Investment Advisors LLC increased its holdings in Axos Financial by 714.0% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock valued at $1,786,000 after buying an additional 18,179 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of Axos Financial by 12.3% during the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock worth $26,618,000 after acquiring an additional 33,854 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Axos Financial by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 353,951 shares of the company’s stock valued at $30,118,000 after acquiring an additional 16,627 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after acquiring an additional 62,269 shares during the last quarter. Finally, Stieven Capital Advisors L.P. raised its position in shares of Axos Financial by 8.0% during the 4th quarter. Stieven Capital Advisors L.P. now owns 255,859 shares of the company’s stock worth $22,045,000 after acquiring an additional 18,900 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity

In other news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director directly owned 7,146 shares of the company’s stock, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 0.7%

AX opened at $96.62 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 11.41 and a beta of 1.22. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The business’s 50 day moving average is $97.18 and its two-hundred day moving average is $92.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. DA Davidson set a $121.00 price target on Axos Financial in a report on Friday, July 31st. Needham & Company LLC upped their target price on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, Benchmark upped their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.67.

About Axos Financial

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.