Intech Investment Management LLC Acquires 11,674 Shares of Axos Financial, Inc. (NYSE:AX)

Intech Investment Management LLC lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 74.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,441 shares of the company's stock after purchasing an additional 11,674 shares during the quarter. Intech Investment Management LLC's holdings in Axos Financial were worth $1,725,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock worth $88,568,000 after buying an additional 321,494 shares during the period. Geneva Capital Management LLC raised its position in shares of Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock worth $44,552,000 after buying an additional 1,976 shares during the period. Emerald Advisers LLC raised its position in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock worth $31,789,000 after buying an additional 63,458 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in shares of Axos Financial by 10.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company's stock worth $26,564,000 after buying an additional 40,184 shares during the period. Finally, Millennium Management LLC raised its position in shares of Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after buying an additional 190,584 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on AX shares. Raymond James raised their price objective on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. StockNews.com lowered Axos Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. Piper Sandler lifted their target price on Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Needham & Company LLC lifted their target price on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Axos Financial has an average rating of "Hold" and an average price target of $79.80.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,199 shares of company stock worth $10,882,135. Corporate insiders own 5.07% of the company's stock.

Axos Financial Price Performance

NYSE:AX traded down $2.23 during midday trading on Tuesday, hitting $84.37. 496,195 shares of the stock were exchanged, compared to its average volume of 580,081. Axos Financial, Inc. has a one year low of $36.93 and a one year high of $88.46. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The business has a 50-day moving average price of $69.34 and a two-hundred day moving average price of $64.50. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analysts' expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter in the prior year, the company earned $1.41 earnings per share. Sell-side analysts predict that Axos Financial, Inc. will post 7.02 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.