Axos Financial, Inc. (NYSE:AX) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,488,259 shares of the company's stock after purchasing an additional 43,503 shares during the period. Geode Capital Management LLC owned about 2.61% of Axos Financial worth $103,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial during the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Axos Financial during the 4th quarter worth approximately $52,000. R Squared Ltd bought a new stake in shares of Axos Financial in the 4th quarter worth approximately $66,000. SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% in the 4th 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 boosted its position 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. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AX. DA Davidson cut their target price 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 lifted 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. Raymond James restated an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

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Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Shares of NYSE:AX traded up $1.54 during trading on Tuesday, reaching $59.87. The company had a trading volume of 55,758 shares, compared to its average volume of 530,078. The firm's fifty day moving average is $64.68 and its 200 day moving average is $69.61. 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 firm has a market capitalization of $3.42 billion, a PE ratio of 8.05 and a beta of 1.33. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46.

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

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.