Aquatic Capital Management LLC Raises Stake in Axos Financial, Inc. (NYSE:AX)

Aquatic Capital Management LLC lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 43.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,906 shares of the company's stock after purchasing an additional 5,106 shares during the quarter. Aquatic Capital Management LLC's holdings in Axos Financial were worth $1,181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. JPMorgan Chase & Co. boosted its position in Axos Financial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock valued at $17,711,000 after buying an additional 32,095 shares during the period. Barclays PLC raised its stake in shares of Axos Financial by 32.6% in the third 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 in the last quarter. Principal Financial Group Inc. boosted its holdings in Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial during the fourth quarter worth about $9,849,000. Finally, Empowered Funds LLC increased its stake in shares of Axos Financial by 28.2% during the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock worth $1,139,000 after buying an additional 3,588 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of NYSE AX traded up $1.82 during trading hours on Friday, reaching $67.32. The stock had a trading volume of 414,245 shares, compared to its average volume of 523,771. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 9.05 and a beta of 1.25. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a 50-day moving average of $62.56 and a 200-day moving average of $69.54. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (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 business had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same period last year, the firm posted $1.91 earnings per share. Equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AX. 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 research note on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research note on Thursday. Piper Sandler cut their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods lowered their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Finally, Raymond James reissued an "outperform" rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.50.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.07% of the company's stock.

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.