Metropolitan Life Insurance Co NY purchased a new stake in Axos Financial Inc (NYSE:AX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,145 shares of the company’s stock, valued at approximately $554,000.
A number of other hedge funds also recently made changes to their positions in AX. MBM Wealth Consultants LLC bought a new stake in shares of Axos Financial during the first quarter worth $26,000. Toronto Dominion Bank acquired a new stake in shares of Axos Financial during the first quarter worth $34,000. Mark Sheptoff Financial Planning LLC acquired a new position in Axos Financial in the first quarter valued at about $35,000. Public Employees Retirement Association of Colorado acquired a new position in Axos Financial in the first quarter valued at about $42,000. Finally, Shelton Capital Management acquired a new position in Axos Financial in the first quarter valued at about $53,000. 72.62% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on AX. Compass Point lowered Axos Financial from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Wednesday, May 1st. B. Riley set a $75.00 price objective on Comerica and gave the company a “hold” rating in a research note on Thursday, July 11th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, July 8th. Finally, ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $38.80.
Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.11). The company had revenue of $155.27 million for the quarter, compared to analyst estimates of $158.20 million. Axos Financial had a return on equity of 16.76% and a net margin of 24.48%. Axos Financial’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that Axos Financial Inc will post 2.73 EPS for the current fiscal year.
About Axos Financial
Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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