Envestnet Asset Management Inc. Has $460,000 Stock Holdings in Axos Financial Inc (NYSE:AX)

Envestnet Asset Management Inc. boosted its stake in Axos Financial Inc (NYSE:AX) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,621 shares of the company’s stock after purchasing an additional 671 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Axos Financial were worth $460,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AX. Pembroke Management LTD acquired a new stake in Axos Financial in the second quarter worth $23,490,000. Morgan Stanley lifted its stake in shares of Axos Financial by 361.0% in the second quarter. Morgan Stanley now owns 412,977 shares of the company’s stock valued at $11,252,000 after buying an additional 323,402 shares in the last quarter. Peregrine Capital Management LLC bought a new position in shares of Axos Financial in the second quarter valued at $7,335,000. Nuveen Asset Management LLC bought a new position in shares of Axos Financial in the second quarter valued at $6,874,000. Finally, Scout Investments Inc. bought a new position in shares of Axos Financial in the second quarter valued at $5,706,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Axos Financial stock opened at $29.42 on Thursday. Axos Financial Inc has a 1-year low of $23.87 and a 1-year high of $33.52. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.56 and a beta of 1.01. The firm’s fifty day moving average price is $28.75 and its two-hundred day moving average price is $28.00. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.42.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Axos Financial had a net margin of 23.48% and a return on equity of 16.66%. The firm had revenue of $124.84 million for the quarter, compared to analyst estimates of $124.87 million. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts forecast that Axos Financial Inc will post 3.02 EPS for the current year.

A number of research analysts have weighed in on AX shares. B. Riley raised their price objective on shares of Axos Financial from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Zacks Investment Research raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Compass Point raised shares of Axos Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, ValuEngine raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $38.00.

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.

Featured Story: How to invest in a bear market

Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial Inc (NYSE:AX).

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

Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.