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

Sei Investments Co. increased its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,518 shares of the company's stock after buying an additional 18,013 shares during the quarter. Sei Investments Co. owned 0.16% of Axos Financial worth $6,183,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund boosted its stake in shares of Axos Financial by 0.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after acquiring an additional 196 shares during the last quarter. Versor Investments LP increased its holdings in Axos Financial by 5.3% in the 4th quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after acquiring an additional 200 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after purchasing an additional 266 shares during the period. New York State Teachers Retirement System raised its position in shares of Axos Financial by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock valued at $3,012,000 after purchasing an additional 279 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Axos Financial by 34.2% during the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company's stock valued at $92,000 after buying an additional 336 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought 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 of the company's stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AX. Needham & Company LLC boosted 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. DA Davidson decreased their target price on Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Raymond James reissued an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods dropped 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Axos Financial Price Performance

Shares of AX traded down $2.15 during mid-day trading on Friday, hitting $57.65. 942,153 shares of the stock were exchanged, compared to its average volume of 528,856. The company has a market cap of $3.29 billion, a PE ratio of 7.75 and a beta of 1.33. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a 50-day moving average of $66.72 and a two-hundred day moving average of $69.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping 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, equities analysts predict that Axos Financial, Inc. will post 7.22 earnings per share 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.