AQR Capital Management LLC Has $8.81 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

AQR Capital Management LLC lifted its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,139 shares of the company's stock after purchasing an additional 24,396 shares during the period. AQR Capital Management LLC owned 0.22% of Axos Financial worth $8,811,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in Axos Financial by 4.7% in the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock valued at $51,887,000 after buying an additional 33,207 shares during the period. Aquatic Capital Management LLC raised its stake in shares of Axos Financial by 43.3% in the fourth quarter. Aquatic Capital Management LLC now owns 16,906 shares of the company's stock worth $1,181,000 after acquiring an additional 5,106 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Axos Financial by 2.5% in the fourth quarter. Hancock Whitney Corp now owns 11,202 shares of the company's stock valued at $782,000 after purchasing an additional 271 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Axos Financial by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,075 shares of the company's stock worth $2,730,000 after acquiring an additional 3,861 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Axos Financial by 1,619.2% during the 4th quarter. Hsbc Holdings PLC now owns 117,940 shares of the company's stock valued at $8,269,000 after purchasing an additional 111,080 shares during the period. Institutional investors own 83.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James restated an "outperform" rating and issued a $72.00 price target (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research note on Thursday, May 1st. DA Davidson dropped their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Piper Sandler reduced their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $81.50.

Axos Financial Stock Performance

Shares of AX stock traded up $3.39 during trading on Monday, reaching $72.18. 40,143 shares of the company's stock were exchanged, compared to its average volume of 519,904. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market capitalization of $4.07 billion, a PE ratio of 9.66 and a beta of 1.25. The firm's fifty day moving average price is $62.77 and its 200-day moving average price is $69.63. 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 (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to analysts' expectations of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the previous year, the company earned $1.91 EPS. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.07% of the stock is currently owned by insiders.

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.