Sei Investments Co. Increases Stake in Axos Financial, Inc. (NYSE:AX)

Sei Investments Co. raised its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,518 shares of the company's stock after acquiring an additional 18,013 shares during the period. Sei Investments Co. owned approximately 0.16% of Axos Financial worth $6,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock valued at $199,877,000 after purchasing an additional 164,997 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after acquiring an additional 163,952 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $90,861,000 after acquiring an additional 91,797 shares during the last quarter. Boston Partners purchased a new position in shares of Axos Financial during the 4th quarter worth about $29,918,000. Finally, Principal Financial Group Inc. grew its holdings in Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AX has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Raymond James reaffirmed an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. DA Davidson lowered 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, Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Axos Financial Stock Down 8.5 %

AX stock traded down $5.55 during trading on Thursday, hitting $59.83. 784,447 shares of the company's stock traded hands, compared to its average volume of 526,381. The business has a fifty day simple moving average of $67.23 and a two-hundred day simple moving average of $70.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.42 billion, a P/E ratio of 8.04 and a beta of 1.45. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts anticipate 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.