Advisory Research Inc. Purchases 8,255 Shares of Axos Financial, Inc. (NYSE:AX)

Advisory Research Inc. lifted its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 68.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,315 shares of the company's stock after acquiring an additional 8,255 shares during the period. Advisory Research Inc.'s holdings in Axos Financial were worth $1,419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth about $35,000. Kestra Investment Management LLC bought a new position in Axos Financial in the 4th quarter valued at about $52,000. NewEdge Advisors LLC lifted its holdings in Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Axos Financial during the fourth quarter worth $66,000. Finally, SRS Capital Advisors Inc. increased its position in Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on AX. Raymond James reaffirmed an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased 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. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.17.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Trading Up 2.5 %

Shares of NYSE AX traded up $1.47 during trading on Tuesday, reaching $60.61. The company had a trading volume of 69,842 shares, compared to its average volume of 529,171. The stock has a market cap of $3.46 billion, a P/E ratio of 8.15 and a beta of 1.33. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $63.45 and its 200-day moving average price is $69.56.

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

About Axos Financial

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.