Axos Financial, Inc. (NYSE:AX) Stock Position Raised by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 220.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,348 shares of the company's stock after buying an additional 9,180 shares during the quarter. HighTower Advisors LLC's holdings in Axos Financial were worth $932,000 as of its most recent filing with the SEC.

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

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price 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 of the company's stock, valued at $663,482.50. This represents a 41.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.07% of the stock is currently owned by insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AX shares. Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. DA Davidson decreased their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Finally, Needham & Company LLC upped their price target 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. 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.com, Axos Financial presently has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Axos Financial Price Performance

Shares of NYSE AX traded up $1.11 during mid-day trading on Monday, reaching $64.64. The company had a trading volume of 387,459 shares, compared to its average volume of 525,799. The company has a 50-day moving average price of $67.51 and a two-hundred day moving average price of $70.10. The stock has a market cap of $3.69 billion, a PE ratio of 8.69 and a beta of 1.45. 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 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share 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, equities analysts anticipate 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.