Bank of Montreal Can Has $1.84 Million Stake in Axos Financial, Inc. (NYSE:AX)

Bank of Montreal Can cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,392 shares of the company's stock after selling 7,241 shares during the quarter. Bank of Montreal Can's holdings in Axos Financial were worth $1,843,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock valued at $17,711,000 after purchasing an additional 32,095 shares during the last quarter. Barclays PLC raised its position in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after buying an additional 35,087 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 buying an additional 17,201 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial in the fourth quarter valued at about $9,849,000. Finally, Empowered Funds LLC grew its position in Axos Financial by 28.2% during the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock worth $1,139,000 after buying an additional 3,588 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price 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. Needham & Company LLC raised their price target on shares of 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 reaffirmed an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, DA Davidson cut their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

Insider Activity

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

Axos Financial Stock Performance

NYSE AX traded up $1.15 on Friday, reaching $60.21. The stock had a trading volume of 461,218 shares, compared to its average volume of 531,627. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $3.44 billion, a P/E ratio of 8.09 and a beta of 1.33. The firm has a fifty day moving average of $63.67 and a two-hundred day moving average of $69.51.

Axos Financial (NYSE:AX - Get Free Report) last issued 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 net margin of 22.10% and a return on equity of 18.67%. On average, equities research analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Axos Financial Company 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.