Balyasny Asset Management L.P. Has $2.17 Million Stock Position in Axos Financial, Inc. (NYSE:AX)

Balyasny Asset Management L.P. lifted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 112.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,051 shares of the company's stock after purchasing an additional 16,430 shares during the period. Balyasny Asset Management L.P. owned 0.05% of Axos Financial worth $2,169,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AX. Heck Capital Advisors LLC acquired a new position in Axos Financial in the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new position in Axos Financial in the 4th quarter valued at about $52,000. NewEdge Advisors LLC grew its stake in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after buying an additional 850 shares during the last quarter. R Squared Ltd acquired a new position in Axos Financial in the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. grew its stake in Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after buying an additional 773 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on AX shares. DA Davidson cut their price objective 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. Keefe, Bruyette & Woods cut their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. 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 report on Friday, May 2nd. Finally, Piper Sandler cut their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Axos Financial has an average rating of "Moderate Buy" and a consensus price target of $81.50.

Axos Financial Price Performance

Shares of NYSE AX traded down $0.23 during trading hours on Friday, hitting $72.49. 320,481 shares of the stock were exchanged, compared to its average volume of 521,341. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a market cap of $4.09 billion, a PE ratio of 9.74 and a beta of 1.25. The company's fifty day simple moving average is $63.68 and its two-hundred day simple moving average is $69.85.

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

Axos Financial declared that its Board of Directors has approved a stock buyback plan on Monday, May 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the purchase, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Grinberg sold 30,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate 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.