Ameriprise Financial Inc. Has $47.33 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Ameriprise Financial Inc. boosted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 677,546 shares of the company's stock after buying an additional 54,238 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.19% of Axos Financial worth $47,330,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AX. Barclays PLC raised its position in shares of Axos Financial by 32.6% during the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after acquiring an additional 35,087 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Axos Financial by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after acquiring an additional 70,017 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial during the 4th quarter valued at $9,849,000. Argent Capital Management LLC raised its position in shares of Axos Financial by 15.1% during the 4th quarter. Argent Capital Management LLC now owns 39,181 shares of the company's stock valued at $2,737,000 after acquiring an additional 5,142 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Axos Financial during the 4th quarter valued at $200,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Buying and Selling

In other news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Shares of AX stock opened at $68.76 on Monday. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm has a fifty day moving average of $62.77 and a 200-day moving average of $69.63.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The firm had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same period in the prior year, the business earned $1.91 EPS. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on AX shares. Needham & Company LLC reiterated a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research report on Thursday, May 1st. Piper Sandler dropped their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Raymond James reissued an "outperform" rating and issued a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. DA Davidson decreased their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Axos Financial presently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

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.

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