Principal Financial Group Inc. reduced its stake in Axos Financial, Inc. (NYSE:AXIS – Get a rating) by 4.9% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The institutional investor held 397,306 shares of the company after selling 20,627 shares during the quarter. Principal Financial Group Inc. owned approximately 0.67% of Axos Financial worth $18,431,000 at the end of the most recent reporting period.
Other large investors have also recently changed their holdings in the company. Mutual of America Capital Management LLC increased its stake in Axos Financial by 2.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 7,316 shares of the company worth $409,000 after acquiring 197 additional shares during the period. Maryland State Retirement & Pension System increased its stake in Axos Financial by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,347 shares of the company worth $1,194,000 after acquiring 341 additional shares during the period. Teacher Retirement System of Texas increased its stake in Axos Financial by 6.1% during the first quarter. Teacher Retirement System of Texas now owns 10,994 shares of the company worth $510,000 after acquiring 631 additional shares during the period. First Republic Investment Management Inc. increased its stake in Axos Financial by 3.7% during the fourth quarter. First Republic Investment Management Inc. now owns 18,921 shares of the company worth $1,058,000 after acquiring an additional 680 shares during the period. Finally, Exane Derivatives took a new stake in Axos Financial in the first quarter for $32,000. Institutional investors hold 76.21% of the company’s shares.
Separately, director Paul Grinberg sold 2,985 shares of the company in a transaction dated Monday, August 1. The stock was sold at an average price of $41.04, for a total transaction of $122,504.40. Following completion of the transaction, the administrator now directly owns 59,749 shares of the company, valued at $2,452,098.96. The transaction was disclosed in an SEC filing, which is available via this link. In other news from Axos Financial, Executive Vice President Thomas M. Constantine sold 4,331 shares of the company in a trade that took place on Tuesday, August 9. The stock was sold at an average price of $42.84, for a total transaction of $185,540.04. Following the completion of the transaction, the executive vice president now owns 14,245 shares of the company, valued at approximately $610,255.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, director Paul Grinberg sold 2,985 shares of the company in a transaction that took place on Monday, August 1. The shares were sold at an average price of $41.04, for a total value of $122,504.40. As a result of the transaction, the administrator now directly owns 59,749 shares of the company, valued at approximately $2,452,098.96. Disclosure of this sale can be found here. In the past three months, insiders have sold 17,316 shares of the company worth $783,244. 4.73% of the shares are held by company insiders.
Axos Financial price performance
Shares of NYSE AXIS opened at $46.00 on Friday. The stock has a market capitalization of $2.74 billion, a PE ratio of 11.59 and a beta of 1.43. Axos Financial, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $62.44. The company has a debt ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty-day moving average of $41.44 and a 200-day moving average of $38.30.
Axos Financial (NYSE:AXIS – Get a rating) last announced its quarterly results on Thursday, August 4. The company reported earnings per share of $1.12 for the quarter, beating the consensus estimate of $1.02 by $0.10. The company posted revenue of $192.51 million in the quarter, compared to $180.82 million expected by analysts. Axos Financial achieved a return on equity of 16.53% and a net margin of 31.14%. Equity research analysts expect Axos Financial, Inc. to post earnings per share of 4.5 for the current year.
A Wall Street analyst gives his opinion
A number of analysts have recently commented on the company. Wedbush downgraded Axos Financial from an “outperform” rating to a “neutral” rating and set a price target of $40.00 for the stock. in a report on Thursday, June 30. DA Davidson raised his price target on Axos Financial to $53.00 in a Tuesday, August 9 research report. B. Riley cut his price target on Axos Financial from $58.00 to $49.00 in a Monday, July 11 research report. Piper Sandler cut her price target on Axos Financial from $62.00 to $50.00 in a Friday, April 29 research report. Finally, Keefe, Bruyette & Woods upgraded Axos Financial from a “market performance” rating to an “outperform” rating and raised their target price for the stock from $52.00 to $56.00 in a Monday, July 11 research report. Two investment analysts gave the stock a hold rating, two gave the company a buy rating and one gave the company a strong buy rating. Based on MarketBeat data, Axos Financial currently has a consensus rating of “Moderate Buy” and an average target price of $51.33.
Axos financial profile
Axos Financial, Inc, together with its subsidiaries, provides personal and corporate banking products in the United States. It operates through Banking Business and Securities Business segments. The Company offers deposit products, including personal and business checking accounts, current accounts, savings accounts, term deposits, money market, zero balances and cash transfer accounts. insured.
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