CCG Wealth Management LLC Grows Stake in Axos Financial, Inc. (NYSE:AX)

CCG Wealth Management LLC grew its holdings in shares of Axos Financial, Inc. (NYSE:AXFree Report) by 441.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,211 shares of the company’s stock after purchasing an additional 44,200 shares during the period. Axos Financial makes up about 1.8% of CCG Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. CCG Wealth Management LLC’s holdings in Axos Financial were worth $2,930,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Axos Financial by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company’s stock valued at $148,755,000 after buying an additional 134,266 shares during the last quarter. American Century Companies Inc. grew its stake in Axos Financial by 152.8% during the 3rd quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after purchasing an additional 843,606 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Axos Financial by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock valued at $52,119,000 after purchasing an additional 74,649 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Axos Financial by 114.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Axos Financial by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 613,391 shares of the company’s stock valued at $33,491,000 after buying an additional 10,716 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX stock traded up $0.23 during trading hours on Monday, hitting $57.38. 406,358 shares of the company’s stock were exchanged, compared to its average volume of 586,670. The firm has a 50 day moving average of $55.61 and a two-hundred day moving average of $53.64. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $63.00. The firm has a market cap of $3.27 billion, a P/E ratio of 7.79 and a beta of 1.39. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AXGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.21. The business had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same period last year, the firm posted $1.35 earnings per share. Sell-side analysts forecast that Axos Financial, Inc. will post 6.76 EPS for the current year.

Analysts Set New Price Targets

AX has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $79.00 price target on shares of Axos Financial in a report on Tuesday, June 4th. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a report on Wednesday, May 1st. Finally, Piper Sandler increased their price target on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.25.

Get Our Latest Analysis on AX

Axos Financial Company Profile

(Free Report)

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. 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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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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