AQR Capital Management LLC Increases Stock Holdings in Axos Financial, Inc $AX

Key Points

• AQR Capital Management LLC has increased its holdings in AXOS FINANCIAL by 38.9%, now owning 175,146 shares valued at approximately $11.3 million.
• AXOS FINANCIAL reported an EPS of $1.94 for the last quarter, exceeding analysts' estimates by $0.12, with revenues of $321.45 million.
• Multiple hedge funds, including American Century Companies Inc. and Boston Partners, also increased their stakes in AXOS FINANCIAL during the first quarter.

AQR Capital Management LLC increased its stake in Axos Financial, Inc (NYSE:AX - Free Report) by 38.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,146 shares of the company's stock after purchasing an additional 49,007 shares during the period. AQR Capital Management LLC owned 0.31% of Axos Financial worth $11,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AX. Cetera Investment Advisers boosted its stake in Axos Financial by 11.0% in the 4th quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock worth $555,000 after purchasing an additional 786 shares in the last quarter. Deutsche Bank AG lifted its stake in Axos Financial by 143.9% during the 4th quarter. Deutsche Bank AG now owns 92,818 shares of the company's stock valued at $6,483,000 after acquiring an additional 54,759 shares during the period. Janus Henderson Group PLC lifted its stake in Axos Financial by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 50,399 shares of the company's stock valued at $3,520,000 after acquiring an additional 427 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Axos Financial by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,110 shares of the company's stock valued at $2,173,000 after acquiring an additional 1,207 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Axos Financial by 7.2% during the 4th quarter. Quantinno Capital Management LP now owns 8,755 shares of the company's stock valued at $612,000 after purchasing an additional 588 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $0.72 during trading hours on Friday, reaching $91.53. 199,559 shares of the company's stock were exchanged, compared to its average volume of 305,690. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $93.84. The company has a market capitalization of $5.17 billion, a P/E ratio of 12.27 and a beta of 1.32. The business has a fifty day moving average of $87.36 and a two-hundred day moving average of $74.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17.

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

Insiders Place Their Bets

In other news, EVP Candace L. Thiele sold 700 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares of the company's stock, valued at $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 13,960 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the sale, the executive vice president directly owned 67,460 shares of the company's stock, valued at $5,759,734.80. The trade was a 17.15% decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson lifted their target price on shares of 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 lifted their target price on shares of Axos Financial from $90.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Needham & Company LLC lifted their target price on shares of Axos Financial from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group assumed coverage on shares of Axos Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price objective for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Axos Financial presently has a consensus 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.