Vanguard Group Inc. Purchases 49,695 Shares of Axos Financial, Inc. (NYSE:AX)

Vanguard Group Inc. raised its position in Axos Financial, Inc. (NYSE:AX) by 0.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,129,602 shares of the company’s stock after acquiring an additional 49,695 shares during the period. Vanguard Group Inc. owned about 10.73% of Axos Financial worth $428,153,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new stake in Axos Financial during the 4th quarter worth about $52,000. R Squared Ltd bought a new position in shares of Axos Financial in the 4th quarter valued at about $66,000. SRS Capital Advisors Inc. raised its stake in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after purchasing an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after acquiring an additional 849 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AX shares. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Needham & Company LLC upped their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, DA Davidson cut their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Stock Down 0.2 %

AX stock opened at $64.41 on Wednesday. The business’s fifty day moving average price is $67.35 and its two-hundred day moving average price is $70.11. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 8.66 and a beta of 1.45. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

About Axos Financial

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.