NFJ Investment Group LLC Purchases New Holdings in Axos Financial, Inc. (NYSE:AX)

NFJ Investment Group LLC purchased a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,873 shares of the company's stock, valued at approximately $1,627,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Axos Financial in the 2nd quarter worth approximately $25,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Axos Financial in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial in the 3rd quarter valued at $41,000. Farther Finance Advisors LLC grew its holdings in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Axos Financial in the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Trading Down 1.6 %

Shares of NYSE AX traded down $1.29 during trading hours on Thursday, hitting $80.10. The company's stock had a trading volume of 231,952 shares, compared to its average volume of 572,622. The business has a 50-day simple moving average of $71.70 and a 200-day simple moving average of $65.52. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 9.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a 12 month low of $42.92 and a 12 month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the company earned $1.41 EPS. On average, analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on AX shares. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Wedbush dropped their price objective on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.20.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares of the company's stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial 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 sale, the chief executive officer now owns 1,340,377 shares in the company, valued at $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 ninety days, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is currently owned by company 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.