Bryce Point Capital LLC Buys Shares of 7,322 Axos Financial, Inc. (NYSE:AX)

Bryce Point Capital LLC purchased a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,322 shares of the company's stock, valued at approximately $511,000.

Other institutional investors have also made changes to their positions in the company. Boston Partners bought a new position in shares of Axos Financial during the 4th quarter worth about $29,918,000. Raymond James Financial Inc. acquired a new position in Axos Financial in the 4th quarter valued at approximately $16,464,000. State Street Corp lifted its position in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after acquiring an additional 164,997 shares during the period. American Century Companies Inc. grew its holdings in shares of Axos Financial by 9.6% during the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock worth $130,953,000 after purchasing an additional 163,952 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $9,849,000. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Price Performance

Shares of NYSE AX traded up $4.98 during mid-day trading on Wednesday, hitting $61.34. 665,755 shares of the stock were exchanged, compared to its average volume of 531,424. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock's fifty day simple moving average is $65.47 and its two-hundred day simple moving average is $69.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $3.50 billion, a P/E ratio of 8.24 and a beta of 1.33.

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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 (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AX has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price target on shares of 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. Finally, DA Davidson decreased their price objective on Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

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.