Raymond James Financial Inc. Acquires New Position in Axos Financial, Inc. (NYSE:AX)

Raymond James Financial Inc. bought a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 235,710 shares of the company's stock, valued at approximately $16,464,000. Raymond James Financial Inc. owned about 0.41% of Axos Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund raised its holdings in Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after purchasing an additional 196 shares in the last quarter. Versor Investments LP grew its position in shares of Axos Financial by 5.3% in the 4th quarter. Versor Investments LP now owns 4,000 shares of the company's stock valued at $279,000 after buying an additional 200 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock worth $948,000 after acquiring an additional 266 shares in the last quarter. New York State Teachers Retirement System lifted its position in Axos Financial by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock valued at $3,012,000 after acquiring an additional 279 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Axos Financial by 8.5% in the fourth quarter. World Investment Advisors now owns 3,821 shares of the company's stock valued at $267,000 after acquiring an additional 300 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Performance

Shares of NYSE:AX traded down $0.70 during trading on Friday, reaching $62.62. The company had a trading volume of 31,721 shares, compared to its average volume of 528,606. 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 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock's fifty day moving average price is $62.97 and its 200 day moving average price is $69.47. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.42 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. DA Davidson decreased their price objective on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Needham & Company LLC increased their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and a consensus target price of $84.17.

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.