Cibc World Markets Corp Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Cibc World Markets Corp purchased a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,113 shares of the company's stock, valued at approximately $357,000.

Several other institutional investors have also modified their holdings of AX. Heck Capital Advisors LLC acquired a new position in Axos Financial during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new position in shares of Axos Financial during the fourth quarter worth about $52,000. R Squared Ltd acquired a new position in shares of Axos Financial during the fourth quarter worth about $66,000. SRS Capital Advisors Inc. raised its holdings in Axos Financial by 238.6% in the fourth 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Axos Financial by 206.1% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of NYSE AX traded down $1.11 during trading hours on Friday, reaching $63.61. The stock had a trading volume of 221,503 shares, compared to its average volume of 526,020. The firm has a 50-day moving average of $67.83 and a 200-day moving average of $69.96. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 8.55 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 fifty-two week low of $44.10 and a fifty-two week high of $88.46.

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Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share 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%. Equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AX has been the topic of a number of recent analyst reports. DA Davidson dropped their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Raymond James reissued 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. Needham & Company LLC upped their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their target price on 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. Finally, StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial 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.