State Street Corp Purchases 164,997 Shares of Axos Financial, Inc. (NYSE:AX)

State Street Corp lifted its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,178,708 shares of the company's stock after buying an additional 164,997 shares during the quarter. State Street Corp owned approximately 5.57% of Axos Financial worth $199,877,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AX. SG Americas Securities LLC increased its stake in Axos Financial by 453.9% in the 2nd quarter. SG Americas Securities LLC now owns 32,124 shares of the company's stock worth $1,836,000 after acquiring an additional 26,324 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Axos Financial by 9.4% in the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company's stock worth $28,512,000 after purchasing an additional 39,091 shares during the last quarter. Maverick Capital Ltd. raised its stake in Axos Financial by 287.4% in the second quarter. Maverick Capital Ltd. now owns 36,200 shares of the company's stock valued at $2,069,000 after purchasing an additional 26,855 shares in the last quarter. Algert Global LLC lifted its position in Axos Financial by 9.9% during the second quarter. Algert Global LLC now owns 183,352 shares of the company's stock valued at $10,479,000 after purchasing an additional 16,448 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Axos Financial by 13.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 213,572 shares of the company's stock worth $12,206,000 after buying an additional 26,000 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Down 0.3 %

NYSE AX traded down $0.23 during trading on Friday, hitting $79.19. 101,248 shares of the company's stock traded hands, compared to its average volume of 564,831. The stock has a fifty day moving average of $73.92 and a two-hundred day moving average of $66.32. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm has a market cap of $4.52 billion, a P/E ratio of 9.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The company had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. During the same period in the prior year, the business posted $1.41 EPS. As a group, sell-side analysts expect that Axos Financial, Inc. will post 7.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AX shares. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday. Needham & Company LLC upped their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.20.

Insider Transactions at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

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.