3,768 Shares in Axos Financial, Inc (NYSE:AX) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in Axos Financial, Inc (NYSE:AX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,768 shares of the company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after purchasing an additional 49,695 shares during the period. American Century Companies Inc. raised its stake in Axos Financial by 9.6% during the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after buying an additional 163,952 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after buying an additional 43,503 shares during the period. Northern Trust Corp lifted its holdings in shares of Axos Financial by 4.7% during the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock valued at $51,887,000 after buying an additional 33,207 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Axos Financial by 8.7% in the 4th quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock worth $47,330,000 after buying an additional 54,238 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Activity

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 transaction, the director now owns 113,295 shares of the company's stock, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.07% of the company's stock.

Axos Financial Stock Performance

Shares of AX stock traded down $0.37 during trading hours on Tuesday, reaching $69.76. 406,404 shares of the company traded hands, compared to its average volume of 476,225. The firm has a 50-day moving average price of $67.24 and a 200 day moving average price of $68.50. The company has a market cap of $3.93 billion, a P/E ratio of 9.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc has a 12-month low of $52.77 and a 12-month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last released 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 company had revenue of $432.72 million for the quarter, compared to analysts' expectations of $305.04 million. Axos Financial had a net margin of 21.93% and a return on equity of 17.58%. During the same quarter last year, the business earned $1.91 EPS. As a group, sell-side analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AX shares. Raymond James Financial reissued an "outperform" rating and issued a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Axos Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. DA Davidson reduced their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $82.71.

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.