New Age Alpha Advisors LLC Buys New Position in Axos Financial, Inc. (NYSE:AX)

New Age Alpha Advisors LLC purchased a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 51,623 shares of the company's stock, valued at approximately $3,606,000. New Age Alpha Advisors LLC owned approximately 0.09% of Axos Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its position in shares of Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after purchasing an additional 196 shares during the period. Versor Investments LP increased its position in shares of Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after acquiring an additional 200 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after acquiring an additional 266 shares during the period. New York State Teachers Retirement System lifted its position in shares of Axos Financial by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock valued at $3,012,000 after acquiring an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Axos Financial by 34.2% in the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company's stock worth $92,000 after purchasing an additional 336 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AX. 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 report on Wednesday, January 29th. Needham & Company LLC raised their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Finally, DA Davidson dropped their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

Axos Financial Stock Up 0.8 %

NYSE AX traded up $0.53 during trading on Wednesday, reaching $64.90. The company's stock had a trading volume of 101,422 shares, compared to its average volume of 523,886. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.71 billion, a PE ratio of 8.72 and a beta of 1.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The business has a 50-day moving average price of $67.35 and a 200-day moving average price of $70.11.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Axos Financial

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.07% of the stock is currently owned by corporate insiders.

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.