Axos Financial, Inc. (NYSE:AX) Position Increased by Barclays PLC

Barclays PLC raised its stake in Axos Financial, Inc. (NYSE:AX) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,715 shares of the company’s stock after buying an additional 35,087 shares during the period. Barclays PLC owned approximately 0.25% of Axos Financial worth $8,974,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Axos Financial in the third quarter worth about $836,000. MML Investors Services LLC acquired a new position in Axos Financial in the 3rd quarter worth approximately $212,000. State Street Corp boosted its stake in Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Quadrature Capital Ltd grew its position in Axos Financial by 182.3% during the 3rd quarter. Quadrature Capital Ltd now owns 16,034 shares of the company’s stock worth $1,008,000 after purchasing an additional 10,355 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Axos Financial during the 3rd quarter valued at $141,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of research analyst reports. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Needham & Company LLC raised their price target on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

Axos Financial Stock Down 2.7 %

AX opened at $77.10 on Wednesday. The company has a market capitalization of $4.40 billion, a PE ratio of 9.34 and a beta of 1.42. The business has a 50-day moving average of $74.64 and a 200-day moving average of $66.83. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. 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) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the previous year, the company earned $1.41 earnings per share. Equities research analysts forecast that Axos Financial, Inc. will post 7.07 EPS for the current fiscal 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.