BNP Paribas Financial Markets Raises Stake in Axos Financial, Inc. (NYSE:AX)

BNP Paribas Financial Markets lifted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 202.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,521 shares of the company's stock after acquiring an additional 27,792 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of Axos Financial worth $2,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quantbot Technologies LP raised its holdings in shares of Axos Financial by 61.0% during the third quarter. Quantbot Technologies LP now owns 75,315 shares of the company's stock worth $4,736,000 after acquiring an additional 28,526 shares during the period. Advantage Alpha Capital Partners LP grew its stake in Axos Financial by 8.5% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 7,510 shares of the company's stock valued at $472,000 after buying an additional 591 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Axos Financial by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 31,977 shares of the company's stock worth $2,011,000 after purchasing an additional 1,111 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Axos Financial by 1.3% during the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company's stock worth $687,000 after buying an additional 142 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Axos Financial by 9.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company's stock valued at $28,512,000 after purchasing an additional 39,091 shares during the period. 83.79% of the stock is owned by institutional investors.

Insider Transactions at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock valued at $10,882,135 in the last quarter. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Stock Performance

Axos Financial stock traded up $0.75 during mid-day trading on Friday, reaching $80.85. 251,207 shares of the stock traded hands, compared to its average volume of 466,415. Axos Financial, Inc. has a 12-month low of $43.32 and a 12-month high of $88.46. The stock has a market capitalization of $4.62 billion, a PE ratio of 9.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The business's 50-day moving average is $72.42 and its 200-day moving average is $65.76.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the prior year, the company earned $1.41 earnings per share. As a group, sell-side analysts predict that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a research note on Wednesday. Wedbush dropped their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Finally, Needham & Company LLC boosted their price target on Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and a consensus target price of $83.20.

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.