Royce & Associates LP Has $7.33 Million Stock Position in Axos Financial, Inc. (NYSE:AX)

Royce & Associates LP decreased its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,951 shares of the company's stock after selling 12,052 shares during the quarter. Royce & Associates LP owned about 0.18% of Axos Financial worth $7,331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wasatch Advisors LP increased its holdings in shares of Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock valued at $72,610,000 after buying an additional 292,952 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Axos Financial in the 4th quarter worth $16,464,000. State Street Corp raised its position in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Axos Financial during the fourth quarter valued at $9,849,000. Finally, Geode Capital Management LLC boosted its position in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock valued at $90,861,000 after purchasing an additional 91,797 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AX shares. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. DA Davidson reduced their target price on 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 target price on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Raymond James reaffirmed an "outperform" rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, 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 research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Axos Financial has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

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Insider Activity

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

Axos Financial Stock Up 0.5 %

NYSE AX traded up $0.29 during trading on Friday, reaching $64.02. The company's stock had a trading volume of 1,092,079 shares, compared to its average volume of 509,119. The business has a 50-day moving average price of $68.12 and a 200-day moving average price of $69.97. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The stock has a market capitalization of $3.66 billion, a PE ratio of 8.60 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

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.