Bayesian Capital Management LP Acquires Shares of 8,527 Axos Financial, Inc. (NYSE:AX)

Bayesian Capital Management LP acquired a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,527 shares of the company's stock, valued at approximately $596,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 32,095 shares during the last quarter. Barclays PLC boosted its position in Axos Financial by 32.6% during the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after purchasing an additional 35,087 shares during the period. Principal Financial Group Inc. boosted its position in Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares during the period. Assenagon Asset Management S.A. acquired a new position in Axos Financial during the 4th quarter valued at approximately $9,849,000. Finally, Empowered Funds LLC boosted its position in Axos Financial by 28.2% during the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock worth $1,139,000 after acquiring an additional 3,588 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

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

Axos Financial Stock Performance

AX traded up $3.06 during midday trading on Monday, reaching $71.85. The company's stock had a trading volume of 75,880 shares, compared to its average volume of 520,001. The stock has a market cap of $4.05 billion, a P/E ratio of 9.66 and a beta of 1.25. The company has a fifty day simple moving average of $62.77 and a 200 day simple moving average of $69.63. 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 twelve month low of $44.10 and a twelve month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.07. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate 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 firm posted $1.91 EPS. Research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of a number of analyst reports. DA Davidson reduced their price target 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 cut their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research report on Thursday, May 1st. Piper Sandler lowered their target price 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. Finally, Raymond James restated an "outperform" rating and issued a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

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.