JARISLOWSKY FRASER Ltd Has $28.29 Million Holdings in Axos Financial, Inc. (NYSE:AX)

JARISLOWSKY FRASER Ltd trimmed its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,939 shares of the company's stock after selling 209,399 shares during the quarter. JARISLOWSKY FRASER Ltd owned approximately 0.71% of Axos Financial worth $28,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AX. Boston Partners purchased a new stake in shares of Axos Financial in the fourth quarter worth approximately $29,918,000. Raymond James Financial Inc. purchased a new stake in shares of Axos Financial in the fourth quarter worth approximately $16,464,000. American Century Companies Inc. raised its position in 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 acquiring an additional 163,952 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Axos Financial by 255.3% during 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. bought a new position in Axos Financial during the fourth quarter valued at approximately $9,849,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares of the company's stock, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, with a total value 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. Company insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $0.23 during trading on Friday, reaching $72.49. The company's stock had a trading volume of 320,461 shares, compared to its average volume of 519,388. The stock has a 50-day moving average price of $63.47 and a two-hundred day moving average price of $69.76. 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 stock has a market capitalization of $4.09 billion, a P/E ratio of 9.74 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last announced 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 firm had revenue of $432.72 million during 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 period in the previous year, the business posted $1.91 EPS. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial declared that its board has authorized a share repurchase program on Monday, May 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler dropped their price target on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price target on shares of 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 reiterated a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research note on Thursday, May 1st. Raymond James reiterated an "outperform" rating and set a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Finally, DA Davidson decreased their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and four have given 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 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.