Maverick Capital Ltd. Has $2.07 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Maverick Capital Ltd. grew its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 287.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,200 shares of the company's stock after acquiring an additional 26,855 shares during the quarter. Maverick Capital Ltd. owned 0.06% of Axos Financial worth $2,069,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AX. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Axos Financial by 114.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company's stock valued at $43,428,000 after acquiring an additional 423,930 shares during the period. Norges Bank bought a new stake in shares of Axos Financial during the 4th quarter valued at $21,573,000. Emerald Mutual Fund Advisers Trust grew its position in shares of Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company's stock valued at $21,847,000 after acquiring an additional 33,366 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Axos Financial by 167.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company's stock worth $20,189,000 after buying an additional 231,722 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AX shares. Piper Sandler upped their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Wedbush dropped their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods cut shares of Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price target for the company. in a report on Wednesday, July 31st. Finally, Raymond James raised their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Axos Financial presently has an average rating of "Hold" and an average target price of $79.75.

Axos Financial Stock Down 0.4 %

NYSE AX traded down $0.23 on Friday, hitting $62.29. 448,414 shares of the stock were exchanged, compared to its average volume of 596,320. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The company has a market cap of $3.55 billion, a PE ratio of 8.45 and a beta of 1.40. The company has a 50-day moving average price of $66.76 and a 200-day moving average price of $59.25.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting analysts' consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter in the prior year, the firm earned $1.50 EPS. Sell-side analysts anticipate that Axos Financial, Inc. will post 7.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.82% of the stock is owned by corporate insiders.

Axos Financial Profile

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.