Axos Financial, Inc. (NYSE:AX) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,445 shares of the company's stock after purchasing an additional 7,203 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Axos Financial worth $3,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in Axos Financial in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in Axos Financial in the fourth quarter worth about $52,000. R Squared Ltd bought a new stake in shares of Axos Financial during the 4th quarter worth $66,000. SRS Capital Advisors Inc. increased its position in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake 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 acquiring an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Analyst Ratings Changes

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

Axos Financial Stock Up 1.7 %

Shares of NYSE AX traded up $1.05 during trading on Tuesday, reaching $63.89. The company had a trading volume of 357,411 shares, compared to its average volume of 528,264. The business's 50-day moving average is $62.67 and its 200 day moving average is $69.60. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.65 billion, a PE ratio of 8.59 and a beta of 1.33. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.