Bank of Montreal Can Lowers Holdings in Axos Financial, Inc. (NYSE:AX)

Bank of Montreal Can reduced its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,392 shares of the company's stock after selling 7,241 shares during the quarter. Bank of Montreal Can's holdings in Axos Financial were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock worth $17,711,000 after acquiring an additional 32,095 shares during the last quarter. Barclays PLC lifted its stake in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock worth $8,974,000 after purchasing an additional 35,087 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Axos Financial by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock worth $23,604,000 after purchasing an additional 17,201 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Axos Financial during the 4th quarter valued at about $9,849,000. Finally, Empowered Funds LLC raised its holdings in shares of Axos Financial by 28.2% during the 4th 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 in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Up 3.2 %

Axos Financial stock traded up $1.90 during trading hours on Tuesday, reaching $61.04. The stock had a trading volume of 289,850 shares, compared to its average volume of 530,912. The company has a fifty day simple moving average of $63.26 and a 200-day simple moving average of $69.50. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The stock has a market cap of $3.49 billion, a PE ratio of 8.20 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity

In related news, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, with a total value 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. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.07% of the company's stock.

Analysts Set New Price Targets

AX has been the subject of a number of research reports. DA Davidson cut their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on shares of 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 raised their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Raymond James reissued an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

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.