Trexquant Investment LP Buys 26,485 Shares of Axos Financial, Inc. (NYSE:AX)

Trexquant Investment LP grew its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 152.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,888 shares of the company's stock after buying an additional 26,485 shares during the period. Trexquant Investment LP owned 0.08% of Axos Financial worth $3,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AX. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial in the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new position in Axos Financial in the 4th quarter worth about $52,000. R Squared Ltd purchased a new stake in shares of Axos Financial in the 4th quarter valued at about $66,000. SRS Capital Advisors Inc. boosted its position in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock worth $88,000 after purchasing an additional 849 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AX has been the topic of a number of recent analyst reports. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Raymond James restated an "outperform" rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, DA Davidson lowered their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $84.17.

Remove Ads

Axos Financial Trading Up 0.0 %

NYSE:AX traded up $0.03 during trading hours on Friday, reaching $57.20. The company's stock had a trading volume of 353,885 shares, compared to its average volume of 531,505. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.69 and a beta of 1.33. The firm has a 50-day simple moving average of $64.96 and a 200-day simple moving average of $69.59. 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 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%. Research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.07% of the company's stock.

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.