Axos Financial, Inc. (NYSE:AX) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in Axos Financial, Inc. (NYSE:AX) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the company’s stock after acquiring an additional 400 shares during the period. Venturi Wealth Management LLC’s holdings in Axos Financial were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after buying an additional 17,201 shares in the last quarter. Csenge Advisory Group lifted its position in Axos Financial by 55.1% during the fourth quarter. Csenge Advisory Group now owns 6,329 shares of the company’s stock worth $442,000 after buying an additional 2,248 shares in the last quarter. New York State Teachers Retirement System lifted its position in Axos Financial by 0.7% during the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock worth $3,012,000 after buying an additional 279 shares in the last quarter. Van ECK Associates Corp purchased a new position in Axos Financial during the fourth quarter worth approximately $3,349,000. Finally, Empowered Funds LLC raised its position in Axos Financial by 28.2% in the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock valued at $1,139,000 after purchasing an additional 3,588 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AX shares. DA Davidson reduced their target price 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. Needham & Company LLC lifted 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. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on 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. Finally, Raymond James restated an “outperform” rating and issued a $80.00 target price (up previously 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Price Performance

AX stock opened at $66.02 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.77 billion, a PE ratio of 8.87 and a beta of 1.45. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The business’s fifty day moving average price is $70.91 and its 200 day moving average price is $70.16.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 EPS 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.