ExodusPoint Capital Management LP Invests $3.48 Million in Axos Financial, Inc. (NYSE:AX)

ExodusPoint Capital Management LP acquired a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 49,753 shares of the company's stock, valued at approximately $3,475,000. ExodusPoint Capital Management LP owned 0.09% of Axos Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in Axos Financial in the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial during the fourth quarter worth about $52,000. R Squared Ltd bought a new stake in shares of Axos Financial in the fourth quarter worth about $66,000. SRS Capital Advisors Inc. grew its stake 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 purchasing an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after purchasing an additional 849 shares during the period. Institutional investors own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AX shares. Raymond James reiterated an "outperform" rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Needham & Company LLC boosted their price objective 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. Finally, DA Davidson dropped their target price on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $84.17.

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Axos Financial Stock Up 0.0 %

Shares of NYSE AX traded up $0.03 on Friday, reaching $57.20. 353,885 shares of the company's stock traded hands, compared to its average volume of 531,505. The business's 50 day simple moving average is $64.96 and its two-hundred day simple moving average is $69.59. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 7.69 and a beta of 1.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Transactions at Axos Financial

In other news, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.07% of the company's stock.

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.