Pembroke Management LTD Boosts Stake in Axos Financial, Inc. (NYSE:AX)

Pembroke Management LTD boosted its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,290 shares of the company's stock after purchasing an additional 18,380 shares during the period. Axos Financial comprises 2.3% of Pembroke Management LTD's investment portfolio, making the stock its 19th biggest position. Pembroke Management LTD owned approximately 0.45% of Axos Financial worth $18,042,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AX. Raymond James & Associates increased its stake in Axos Financial by 29.7% in the 3rd quarter. Raymond James & Associates now owns 109,964 shares of the company's stock valued at $6,915,000 after purchasing an additional 25,158 shares in the last quarter. Argent Capital Management LLC increased its stake in Axos Financial by 306.5% in the 3rd quarter. Argent Capital Management LLC now owns 34,039 shares of the company's stock valued at $2,140,000 after purchasing an additional 25,665 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Axos Financial by 2.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the company's stock valued at $1,647,000 after purchasing an additional 700 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Axos Financial by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,226 shares of the company's stock valued at $1,376,000 after purchasing an additional 431 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Axos Financial by 3.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 30,883 shares of the company's stock valued at $1,941,000 after purchasing an additional 1,115 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AX has been the subject of a number of analyst reports. Raymond James reissued an "outperform" rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, Needham & Company LLC boosted their price target on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial Trading Down 3.2 %

Shares of NYSE:AX traded down $2.19 during midday trading on Friday, reaching $66.02. The company's stock had a trading volume of 399,814 shares, compared to its average volume of 404,568. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.87 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. 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 $70.91 and a 200 day moving average price of $70.16.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Research analysts forecast 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.