8,104 Shares in Axos Financial, Inc (NYSE:AX) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new position in Axos Financial, Inc (NYSE:AX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,104 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Axos Financial during the 4th quarter valued at $35,000. NewEdge Advisors LLC boosted its stake in 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. GAMMA Investing LLC boosted its stake in Axos Financial by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after purchasing an additional 516 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Axos Financial by 24.1% during the 4th quarter. Covestor Ltd now owns 2,274 shares of the company's stock valued at $158,000 after buying an additional 442 shares during the period. Finally, Palouse Capital Management Inc. lifted its holdings in shares of Axos Financial by 37.2% during the 1st quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock valued at $171,000 after buying an additional 718 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $85.61 on Tuesday. Axos Financial, Inc has a one year low of $54.46 and a one year high of $88.46. The stock's fifty day moving average is $78.25 and its 200 day moving average is $70.40. The stock has a market cap of $4.83 billion, a P/E ratio of 11.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%. The company had revenue of $321.45 million for the quarter, compared to analysts' expectations of $311.73 million. During the same period last year, the firm earned $1.83 EPS. Axos Financial's revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Axos Financial announced that its board has approved a share buyback plan on Monday, May 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AX shares. Needham & Company LLC increased their price target on Axos Financial from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. DA Davidson increased their price target on Axos Financial from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price target on Axos Financial from $90.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating and set a $95.00 price target (up from $90.00) on shares of Axos Financial in a report on Thursday, July 31st. Finally, Jefferies Financial Group started coverage on Axos Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.86.

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.

Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial, Inc (NYSE:AX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.