Raymond James Financial Inc. Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Raymond James Financial Inc. bought a new stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 235,710 shares of the company's stock, valued at approximately $16,464,000. Raymond James Financial Inc. owned approximately 0.41% of Axos Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of AX. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in Axos Financial in the 4th quarter valued at $52,000. US Bancorp DE lifted its stake in Axos Financial by 325.2% in the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company's stock worth $65,000 after purchasing an additional 787 shares in the last quarter. R Squared Ltd bought a new position in shares of Axos Financial during the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Activity

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.07% of the company's stock.

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Axos Financial Trading Up 0.5 %

AX stock traded up $0.29 during mid-day trading on Friday, reaching $64.02. The company had a trading volume of 1,078,477 shares, compared to its average volume of 509,181. The company has a market capitalization of $3.66 billion, a PE ratio of 8.60 and a beta of 1.45. The firm has a 50 day moving average of $68.17 and a 200 day moving average of $70.01. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, equities analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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 lowered their price target on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Needham & Company LLC upped their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

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.