Axos Financial, Inc. (NYSE:AX) Holdings Increased by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd boosted its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 79.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,700 shares of the company's stock after acquiring an additional 36,700 shares during the quarter. Axos Financial comprises about 2.1% of Quantedge Capital Pte Ltd's investment portfolio, making the stock its 10th biggest position. Quantedge Capital Pte Ltd owned 0.14% of Axos Financial worth $5,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after buying an additional 35,087 shares during the period. Principal Financial Group Inc. boosted its position in shares of Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after buying an additional 17,201 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Axos Financial during the fourth quarter valued at approximately $9,849,000. NewEdge Advisors LLC boosted its position in shares of Axos Financial by 1,700.0% during the fourth 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 period. Finally, Empowered Funds LLC boosted its position 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 valued at $1,139,000 after buying an additional 3,588 shares during the period. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Down 0.3%

Shares of AX traded down $0.23 during trading hours on Friday, hitting $72.49. The company had a trading volume of 320,481 shares, compared to its average volume of 520,344. The company has a market capitalization of $4.09 billion, a PE ratio of 9.74 and a beta of 1.25. 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, Inc. has a one year low of $44.10 and a one year high of $88.46. The company's fifty day moving average price is $63.68 and its two-hundred day moving average price is $69.81.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.67% and a net margin of 22.10%. During the same period in the previous year, the company posted $1.91 EPS. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its board has authorized a stock buyback plan on Monday, May 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AX shares. DA Davidson dropped their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods dropped their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note 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 research note 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 research note on Friday, May 2nd. 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 note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Insider Transactions at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. The trade was a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Wardell-Smith bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares in the company, valued at $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. 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.