KLP Kapitalforvaltning AS Takes Position in Axos Financial, Inc. (NYSE:AX)

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

A number of other hedge funds have also made changes to their positions in AX. Sei Investments Co. boosted its stake in Axos Financial by 25.5% in the fourth 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 holdings in shares of 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 lifted its position in Axos Financial by 19.2% during the 4th quarter. Virtu Financial LLC now owns 5,259 shares of the company's stock worth $367,000 after buying an additional 846 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Axos Financial by 3.4% during the 4th 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. raised its stake in shares of Axos Financial by 42.8% in the fourth quarter. Xponance Inc. now owns 7,990 shares of the company's stock worth $558,000 after acquiring an additional 2,393 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Activity at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The shares were 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. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.07% of the company's stock.

Axos Financial Trading Down 3.6 %

Shares of NYSE:AX traded down $2.15 during midday trading on Friday, hitting $57.65. The company had a trading volume of 942,153 shares, compared to its average volume of 529,310. 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, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The firm has a fifty day simple moving average of $66.72 and a 200 day simple moving average of $69.96. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 7.75 and a beta of 1.33.

Axos Financial (NYSE:AX - Get Free Report) last issued its 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 return on equity of 18.67% and a net margin of 22.10%. On average, analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AX. DA Davidson decreased their price target on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Needham & Company LLC increased their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. StockNews.com raised 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 on the stock in a research note on Wednesday, January 29th. Finally, Raymond James reiterated an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.