Intech Investment Management LLC Has $2.76 Million Stake in Axos Financial, Inc. (NYSE:AX)

Intech Investment Management LLC raised its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,467 shares of the company's stock after acquiring an additional 12,026 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Axos Financial worth $2,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AX. Cibc World Markets Corp acquired a new position in shares of Axos Financial during the 4th quarter worth about $357,000. Gallacher Capital Management LLC bought a new position in Axos Financial in the 4th quarter worth approximately $355,000. Natixis Advisors LLC lifted its holdings in shares of Axos Financial by 3.7% during the fourth quarter. Natixis Advisors LLC now owns 21,814 shares of the company's stock worth $1,524,000 after buying an additional 784 shares during the last quarter. Vestcor Inc boosted its position in shares of Axos Financial by 274.1% in the fourth quarter. Vestcor Inc now owns 16,478 shares of the company's stock valued at $1,151,000 after acquiring an additional 12,073 shares during the period. Finally, Swiss National Bank grew its stake in shares of Axos Financial by 0.7% in the fourth quarter. Swiss National Bank now owns 106,400 shares of the company's stock worth $7,432,000 after acquiring an additional 700 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AX has been the subject of several research analyst reports. DA Davidson cut 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 note on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Raymond James restated an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

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Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Shares of AX traded up $2.90 during trading hours on Monday, hitting $67.11. The stock had a trading volume of 298,954 shares, compared to its average volume of 508,719. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 9.02 and a beta of 1.45. The company's fifty day moving average is $68.12 and its two-hundred day moving average is $70.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data 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 net margin of 22.10% and a return on equity of 18.67%. On average, analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

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.