15,100 Shares in Axos Financial, Inc. (NYSE:AX) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,100 shares of the company's stock, valued at approximately $1,055,000.

A number of other institutional investors have also modified their holdings of AX. Sei Investments Co. boosted its position in shares of Axos Financial by 25.5% in the 4th quarter. Sei Investments Co. now owns 88,518 shares of the company's stock worth $6,183,000 after purchasing an additional 18,013 shares in the last quarter. American Century Companies Inc. raised its stake in Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after buying an additional 163,952 shares during the last quarter. Virtu Financial LLC boosted its holdings in Axos Financial by 19.2% in the fourth quarter. Virtu Financial LLC now owns 5,259 shares of the company's stock worth $367,000 after acquiring an additional 846 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Axos Financial by 3.4% during the fourth quarter. Teacher Retirement System of Texas now owns 11,512 shares of the company's stock worth $804,000 after acquiring an additional 374 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Axos Financial by 42.8% during the fourth quarter. Xponance Inc. now owns 7,990 shares of the company's stock valued at $558,000 after acquiring an additional 2,393 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Remove Ads

Axos Financial Stock Performance

AX traded down $3.77 during midday trading on Thursday, hitting $61.61. 306,092 shares of the company were exchanged, compared to its average volume of 524,509. The company's 50 day simple moving average is $67.23 and its 200 day simple moving average is $70.08. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 8.28 and a beta of 1.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year 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.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, sell-side analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AX shares. Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods dropped 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. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Raymond James reiterated an "outperform" rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, DA Davidson reduced their price objective on 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

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.