American Century Companies Inc. Buys 163,952 Shares of Axos Financial, Inc. (NYSE:AX)

American Century Companies Inc. increased its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,874,779 shares of the company's stock after buying an additional 163,952 shares during the quarter. American Century Companies Inc. owned about 3.28% of Axos Financial worth $130,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AX. Boston Partners acquired a new position in shares of Axos Financial in the 4th quarter valued at about $29,918,000. Wasatch Advisors LP raised its stake in shares of Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Axos Financial during the fourth quarter worth $16,464,000. State Street Corp boosted its stake in shares of Axos Financial by 5.5% in the third quarter. State Street Corp now owns 3,178,708 shares of the company's stock valued at $199,877,000 after purchasing an additional 164,997 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Axos Financial during the 4th quarter worth $9,849,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

AX has been the subject of a number of recent analyst reports. Raymond James restated an "outperform" rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. DA Davidson decreased their price target 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. Needham & Company LLC boosted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on shares of 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 shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.17.

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Insider Activity

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

Axos Financial Stock Performance

AX traded down $0.66 during trading on Thursday, hitting $64.86. The stock had a trading volume of 275,894 shares, compared to its average volume of 508,255. 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 firm has a market cap of $3.70 billion, a PE ratio of 8.72 and a beta of 1.45. The company has a 50 day simple moving average of $67.95 and a 200-day simple moving average of $70.00.

Axos Financial (NYSE:AX - Get Free Report) last announced 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 net margin of 22.10% and a return on equity of 18.67%. Analysts expect that Axos Financial, Inc. will post 7.22 EPS 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.