Axos Financial, Inc. (NYSE:AX) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,129,602 shares of the company's stock after acquiring an additional 49,695 shares during the period. Vanguard Group Inc. owned approximately 10.73% of Axos Financial worth $428,153,000 as of its most recent SEC filing.

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

Axos Financial Price Performance

Shares of NYSE:AX traded down $2.15 during midday trading on Friday, hitting $57.65. The company had a trading volume of 942,153 shares, compared to its average volume of 528,856. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 7.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day simple moving average is $66.72 and its 200-day simple moving average is $70.01.

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Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AX has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a 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 raised their target price on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Raymond James reiterated an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research 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. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction 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 completion of the transaction, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.07% of the stock is owned by company insiders.

Axos Financial 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.