Mutual of America Capital Management LLC Raises Stock Holdings in Axos Financial, Inc. (NYSE:AX)

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Mutual of America Capital Management LLC lifted its holdings in shares of Axos Financial, Inc. (NYSE:AXGet Rating) by 5.5% in the first quarter, HoldingsChannel.com reports. The fund owned 7,716 shares of the company’s stock after acquiring an additional 400 shares during the period. Mutual of America Capital Management LLC’s holdings in Axos Financial were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Axos Financial by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 939,655 shares of the company’s stock valued at $52,536,000 after acquiring an additional 14,589 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Axos Financial by 10.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 670,712 shares of the company’s stock worth $37,499,000 after buying an additional 63,910 shares during the last quarter. abrdn plc purchased a new stake in Axos Financial in the fourth quarter worth $33,546,000. Charles Schwab Investment Management Inc. increased its position in Axos Financial by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 461,591 shares of the company’s stock worth $25,809,000 after buying an additional 8,033 shares during the last quarter. Finally, Redwood Investments LLC increased its position in Axos Financial by 0.4% in the first quarter. Redwood Investments LLC now owns 417,902 shares of the company’s stock worth $19,386,000 after buying an additional 1,621 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AX. B. Riley decreased their target price on Axos Financial from $58.00 to $49.00 in a research report on Monday, July 11th. Piper Sandler decreased their target price on Axos Financial from $62.00 to $50.00 in a research report on Friday, April 29th. Keefe, Bruyette & Woods upgraded Axos Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $52.00 to $56.00 in a research report on Monday, July 11th. Finally, Wedbush cut Axos Financial from an “outperform” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Thursday, June 30th.

Axos Financial Price Performance

Shares of NYSE AX opened at $41.76 on Monday. The stock has a market cap of $2.49 billion, a PE ratio of 11.05 and a beta of 1.46. 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-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $37.42 and a 200-day moving average of $43.64.

Axos Financial (NYSE:AXGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $178.31 million during the quarter, compared to analyst estimates of $176.90 million. Axos Financial had a return on equity of 16.50% and a net margin of 31.52%. During the same quarter last year, the company earned $0.92 earnings per share. Equities research analysts anticipate that Axos Financial, Inc. will post 4.09 earnings per share for the current year.

Axos Financial Profile

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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.

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