Renaissance Group LLC Grows Position in Axos Financial, Inc. (NYSE:AX)

Renaissance Group LLC increased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,760 shares of the company's stock after buying an additional 5,269 shares during the period. Renaissance Group LLC owned 0.09% of Axos Financial worth $3,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new stake in Axos Financial in the 4th quarter worth about $52,000. R Squared Ltd purchased a new position in Axos Financial in the 4th quarter worth about $66,000. SRS Capital Advisors Inc. boosted its holdings in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after acquiring an additional 849 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered 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 research report on Wednesday, January 29th. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Raymond James reiterated an "outperform" rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, DA Davidson reduced 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $84.17.

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Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of the company'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 completion of the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Axos Financial Price Performance

NYSE:AX traded down $0.50 during trading hours on Monday, hitting $56.74. 78,358 shares of the stock traded hands, compared to its average volume of 440,617. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 7.63 and a beta of 1.33. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The stock has a 50 day moving average price of $64.96 and a 200 day moving average price of $69.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last released its 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 net margin of 22.10% and a return on equity of 18.67%. Sell-side analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal 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.