1 day Ago By Defense World Staff
Axos Financial, Inc. ( NYSE:AX – Get Free Report ) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 5,290,000 shares, a growth of 6.
4% from the August 15th total of 4,970,000 shares. Currently, 10.3% of the company’s stock are short sold.
Based on an average daily trading volume, of 607,600 shares, the days-to-cover ratio is presently 8.7 days. Insider Activity at Axos Financial In other news, EVP Andrew J.
Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.
61. Following the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 4.82% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Axos Financial Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Axos Financial by 114.
1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after acquiring an additional 423,930 shares during the last quarter.
Norges Bank purchased a new stake in shares of Axos Financial during the fourth quarter worth about $21,573,000. American Century Companies Inc. grew its holdings in shares of Axos Financial by 26.
2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares in the last quarter.
Cubist Systematic Strategies LLC lifted its stake in shares of Axos Financial by 167.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after buying an additional 231,722 shares during the period.
Finally, Millennium Management LLC boosted its position in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares during the last quarter.
Institutional investors and hedge funds own 83.79% of the company’s stock. Axos Financial Price Performance Axos Financial ( NYSE:AX – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th.
The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates 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. Sell-side analysts expect that Axos Financial will post 7.
22 EPS for the current year. Analyst Upgrades and Downgrades A number of brokerages have recently commented on AX. Piper Sandler lifted their target price on shares of Axos Financial from $68.
00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.
00 price objective on the stock. in a research note on Wednesday, July 31st. Raymond James raised their target price on shares of Axos Financial from $67.
00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wedbush boosted their price target on shares of Axos Financial from $60.
00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock.
According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $81.00.
View Our Latest Report on AX About Axos Financial ( Get Free Report ) 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.
Read More Five stocks we like better than Axos Financial The Risks of Owning Bonds How Much Can You Make in Stocks in One Month? Industrial Products Stocks Investing This Is the Top Large-Cap Stock Insiders Are Buying Roth IRA Calculator: Calculate Your Potential Returns Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter ..
