Aquatic Capital Management LLC Boosts Holdings in Axos Financial, Inc. (NYSE:AX)

Aquatic Capital Management LLC grew its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 43.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,906 shares of the company's stock after acquiring an additional 5,106 shares during the period. Aquatic Capital Management LLC's holdings in Axos Financial were worth $1,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Boston Partners bought a new position in Axos Financial in the fourth quarter worth approximately $29,918,000. Raymond James Financial Inc. bought a new position in shares of Axos Financial during the 4th quarter worth $16,464,000. American Century Companies Inc. increased its stake in shares of Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after buying an additional 163,952 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Axos Financial by 255.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock valued at $13,946,000 after acquiring an additional 143,474 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Axos Financial in the fourth quarter worth about $9,849,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Up 1.4 %

Axos Financial stock traded up $0.95 during midday trading on Monday, reaching $68.32. The company's stock had a trading volume of 77,035 shares, compared to its average volume of 429,319. 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 has a market capitalization of $3.85 billion, a P/E ratio of 9.19 and a beta of 1.25. The stock's 50-day simple moving average is $62.56 and its 200-day simple moving average is $69.55. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AX. Needham & Company LLC restated a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a report on Thursday. Raymond James reissued an "outperform" rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research note on Friday. Keefe, Bruyette & Woods dropped 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. DA Davidson reduced their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Piper Sandler dropped their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company 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.