JPMorgan Chase & Co. Purchases 32,095 Shares of Axos Financial, Inc. (NYSE:AX)

JPMorgan Chase & Co. lifted its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 281,658 shares of the company's stock after purchasing an additional 32,095 shares during the period. JPMorgan Chase & Co. owned 0.49% of Axos Financial worth $17,711,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after buying an additional 164,997 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Axos Financial by 26.2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after acquiring an additional 321,494 shares during the period. Geode Capital Management LLC boosted its holdings in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock valued at $90,861,000 after acquiring an additional 91,797 shares during the last quarter. Wasatch Advisors LP increased its position in Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock worth $72,610,000 after purchasing an additional 292,952 shares during the period. Finally, Geneva Capital Management LLC raised its holdings in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock worth $44,552,000 after purchasing an additional 1,976 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AX shares. Needham & Company LLC reissued a "buy" rating and set a $85.00 price target on shares of Axos Financial in a research note on Thursday. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Wedbush dropped their price objective on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods raised their target price on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.20.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now owns 46,209 shares of the company's stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

Axos Financial Stock Down 3.1 %

Shares of NYSE AX traded down $2.14 during mid-day trading on Friday, reaching $66.76. 498,098 shares of the company's stock were exchanged, compared to its average volume of 389,866. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 8.08 and a beta of 1.46. The business has a fifty day simple moving average of $76.77 and a 200 day simple moving average of $68.93. 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 Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm 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 previous year, the business posted $1.41 EPS. As a group, equities analysts expect that Axos Financial, Inc. will post 7.07 EPS for the current fiscal 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.