Cubist Systematic Strategies LLC Increases Holdings in Axos Financial, Inc. (NYSE:AX)

Cubist Systematic Strategies LLC increased its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 19.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,958 shares of the company's stock after purchasing an additional 7,977 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of Axos Financial worth $3,490,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of 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 last quarter. Principal Financial Group Inc. increased its position in shares of 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 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. NewEdge Advisors LLC increased its position in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after purchasing an additional 850 shares during the last quarter. Finally, Empowered Funds LLC increased its position 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 purchasing an additional 3,588 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Down 0.4%

AX stock traded down $0.32 on Friday, reaching $72.40. 122,276 shares of the company traded hands, compared to its average volume of 518,630. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $4.08 billion, a P/E ratio of 9.74 and a beta of 1.25. The firm has a fifty day simple moving average of $63.47 and a 200-day simple moving average of $69.76.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The business 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 quarter last year, the company earned $1.91 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial announced that its Board of Directors has approved a stock buyback program on Monday, May 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction 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 acquisition, the director now 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 can be accessed through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction on 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. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson reduced their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. 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. Keefe, Bruyette & Woods lowered their target price on 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. Finally, Piper Sandler lowered their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average price target 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.