Intech Investment Management LLC Grows Stock Position in Axos Financial, Inc $AX

Intech Investment Management LLC increased its stake in shares of Axos Financial, Inc (NYSE:AX) by 40.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,317 shares of the company’s stock after purchasing an additional 17,028 shares during the quarter. Intech Investment Management LLC owned 0.10% of Axos Financial worth $5,021,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in shares of Axos Financial in the 3rd quarter valued at about $26,000. Bessemer Group Inc. lifted its stake in Axos Financial by 59.6% in the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the last quarter. True Wealth Design LLC lifted its stake in Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after acquiring an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after acquiring an additional 333 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Axos Financial in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE AX opened at $86.61 on Friday. The stock has a market cap of $4.91 billion, a P/E ratio of 10.98 and a beta of 1.27. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $101.92. The stock has a 50 day moving average of $93.30 and a two-hundred day moving average of $87.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. The business had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The company’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. On average, research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Edward James Ratinoff sold 2,145 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the transaction, the director owned 46,209 shares in the company, valued at $3,908,819.31. The trade was a 4.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James John Court sold 11,163 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director directly owned 32,169 shares of the company’s stock, valued at $3,249,390.69. The trade was a 25.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,593 shares of company stock valued at $6,274,883 in the last quarter. Corporate insiders own 4.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AX shares. Jefferies Financial Group boosted their target price on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. DA Davidson boosted their target price on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $104.50.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.