5,546 Shares in Axos Financial, Inc. (NYSE:AX) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new stake in Axos Financial, Inc. (NYSE:AX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,546 shares of the company’s stock, valued at approximately $387,000.

A number of other hedge funds also recently bought and sold shares of AX. Wasatch Advisors LP raised its holdings in shares of Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares during the period. Raymond James Financial Inc. acquired a new stake in Axos Financial during the fourth quarter worth about $16,464,000. State Street Corp raised its stake in Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Assenagon Asset Management S.A. acquired a new position in Axos Financial in the 4th quarter valued at about $9,849,000. Finally, Geode Capital Management LLC grew its stake in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

AX stock opened at $62.49 on Thursday. The business’s fifty day moving average price is $69.06 and its 200 day moving average price is $70.30. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.57 billion, a PE ratio of 8.40 and a beta of 1.45.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.07% of the stock is owned by 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.