Axos Financial, Inc. (NYSE:AX) Stock Holdings Lessened by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its stake in Axos Financial, Inc. (NYSE:AX) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,229 shares of the company’s stock after selling 5,915 shares during the quarter. Brandywine Global Investment Management LLC owned 0.28% of Axos Financial worth $7,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of AX. Eaton Vance Management acquired a new stake in Axos Financial during the first quarter worth $28,000. Fifth Third Bancorp boosted its stake in Axos Financial by 261.3% during the second quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock worth $52,000 after buying an additional 810 shares in the last quarter. Captrust Financial Advisors boosted its stake in Axos Financial by 1,965.0% during the first quarter. Captrust Financial Advisors now owns 2,065 shares of the company’s stock worth $97,000 after buying an additional 1,965 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in Axos Financial during the second quarter worth $204,000. Finally, Alethea Capital Management LLC acquired a new stake in Axos Financial during the first quarter worth $207,000. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AX opened at $53.52 on Thursday. Axos Financial, Inc. has a twelve month low of $25.50 and a twelve month high of $54.36. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $48.89 and a two-hundred day moving average price of $47.49. The company has a market cap of $3.18 billion, a P/E ratio of 14.95 and a beta of 1.74.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, July 28th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Axos Financial had a return on equity of 16.91% and a net margin of 29.81%. The firm had revenue of $158.46 million during the quarter, compared to the consensus estimate of $159.91 million. As a group, analysts anticipate that Axos Financial, Inc. will post 3.51 earnings per share for the current fiscal year.

AX has been the topic of a number of recent research reports. Raymond James lifted their price target on shares of Axos Financial from $53.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 2nd. Sidoti initiated coverage on shares of Axos Financial in a research note on Monday, June 21st. They set a “buy” rating and a $58.00 price target on the stock. Zacks Investment Research upgraded shares of Axos Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Monday, October 4th. Finally, B. Riley cut Axos Financial from a “buy” rating to a “neutral” rating and set a $54.00 price objective for the company. in a report on Wednesday, October 6th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $54.67.

Axos Financial Profile

Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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