Bullseye Investment Management LLC Makes New $1.54 Million Investment in Axos Financial, Inc $AX

Bullseye Investment Management LLC acquired a new stake in Axos Financial, Inc (NYSE:AX) in the second quarter, Holdings Channel.com reports. The fund acquired 15,786 shares of the company’s stock, valued at approximately $1,537,000. Axos Financial accounts for 0.8% of Bullseye Investment Management LLC’s holdings, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AX. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in Axos Financial in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in Axos Financial in the third quarter valued at approximately $29,000. State of Wyoming purchased a new position in Axos Financial in the first quarter worth approximately $30,000. Finally, Transamerica Financial Advisors LLC grew its position in Axos Financial by 163.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 443 shares of the company’s stock worth $38,000 after acquiring an additional 275 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.5%

AX traded down $0.49 on Friday, hitting $93.23. 327,915 shares of the company were exchanged, compared to its average volume of 381,177. The firm has a 50-day moving average price of $98.26 and a two-hundred day moving average price of $92.39. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial, Inc has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 11.01 and a beta of 1.22.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.37. The company had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, equities analysts predict that Axos Financial, Inc will post 9.59 earnings per share for the current year.

Insider Activity

In other Axos Financial news, Director Roque Santi sold 500 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AX shares. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Benchmark increased their target price on shares of Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. DA Davidson set a $121.00 price target on shares of Axos Financial in a research report on Friday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.67.

About Axos Financial

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.