Gallacher Capital Management LLC Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Gallacher Capital Management LLC purchased a new position in Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,080 shares of the company's stock, valued at approximately $355,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock worth $17,711,000 after acquiring an additional 32,095 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Axos Financial by 9.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company's stock valued at $28,512,000 after purchasing an additional 39,091 shares during the period. Barclays PLC lifted its holdings in shares of Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial during the fourth quarter worth about $9,849,000. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Stock Performance

NYSE:AX traded down $0.56 on Thursday, hitting $63.76. The company's stock had a trading volume of 426,014 shares, compared to its average volume of 507,475. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm has a market capitalization of $3.64 billion, a P/E ratio of 8.57 and a beta of 1.45. The stock has a fifty day moving average of $68.27 and a two-hundred day moving average of $70.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating 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%. Research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Transactions at Axos Financial

In other news, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Needham & Company LLC boosted their target price on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Raymond James restated an "outperform" rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. DA Davidson reduced their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and an average target price 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.