JARISLOWSKY FRASER Ltd Decreases Stock Position in Axos Financial, Inc. (NYSE:AX)

JARISLOWSKY FRASER Ltd lowered its stake in Axos Financial, Inc. (NYSE:AXFree Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 825,667 shares of the company’s stock after selling 18,691 shares during the quarter. JARISLOWSKY FRASER Ltd owned about 1.45% of Axos Financial worth $45,081,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AX. American Century Companies Inc. raised its position in shares of 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 buying an additional 843,606 shares in the last quarter. Norges Bank purchased a new stake in shares of Axos Financial during the 4th quarter valued at about $21,573,000. Dimensional Fund Advisors LP raised its position in shares of Axos Financial by 5.2% during the 4th 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 in the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Axos Financial by 251.9% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 182,352 shares of the company’s stock valued at $6,904,000 after buying an additional 130,529 shares in the last quarter. Finally, EJF Capital LLC raised its position in shares of Axos Financial by 232.5% during the 3rd quarter. EJF Capital LLC now owns 111,763 shares of the company’s stock valued at $4,231,000 after buying an additional 78,155 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AX has been the topic of a number of recent analyst reports. Wedbush reissued a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a research report on Wednesday, May 1st. Raymond James increased their target price on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $79.00 target price (up previously from $77.00) on shares of Axos Financial in a research report on Thursday, May 2nd. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Piper Sandler raised 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Check Out Our Latest Report on Axos Financial

Axos Financial Price Performance

AX traded down $0.62 on Monday, reaching $57.09. 597,300 shares of the company’s stock were exchanged, compared to its average volume of 533,326. The stock has a market cap of $3.25 billion, a PE ratio of 7.75 and a beta of 1.42. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $63.00. The stock’s fifty day moving average price is $54.40 and its 200-day moving average price is $51.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07.

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

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Axos Financial news, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is owned by insiders.

Axos Financial 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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