Axos Financial, Inc. (NYSE:AX) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 29.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,964 shares of the company's stock after purchasing an additional 25,158 shares during the period. Raymond James & Associates owned approximately 0.19% of Axos Financial worth $6,915,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after purchasing an additional 321,494 shares during the period. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company's stock valued at $21,847,000 after buying an additional 33,366 shares during the period. Millennium Management LLC boosted its holdings in 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 acquiring an additional 190,584 shares during the period. Stieven Capital Advisors L.P. grew its position in Axos Financial by 1.4% in the second quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company's stock valued at $18,770,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Axos Financial by 6.1% in the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company's stock valued at $14,055,000 after acquiring an additional 14,953 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Up 1.8 %

NYSE:AX traded up $1.20 during mid-day trading on Thursday, reaching $67.69. The stock had a trading volume of 718,064 shares, compared to its average volume of 575,672. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.34 and a beta of 1.39. Axos Financial, Inc. has a 1-year low of $32.05 and a 1-year high of $79.15. The stock's 50 day simple moving average is $64.89 and its two-hundred day simple moving average is $61.33.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same quarter last year, the firm earned $1.41 EPS. Equities analysts anticipate that Axos Financial, Inc. will post 7.12 EPS for the current year.

Wall Street Analyst Weigh In

AX has been the subject of several analyst reports. Wedbush decreased their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Needham & Company LLC upped their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. 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. Raymond James increased their price target on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods downgraded Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price objective on the stock. in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three 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 $80.80.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.82% of the stock is owned by insiders.

About Axos Financial

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.