AQR Capital Management LLC Boosts 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 lifted its stake in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 38.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 175,146 shares of the company's stock after purchasing an additional 49,007 shares during the quarter. AQR Capital Management LLC owned about 0.31% of AXOS FINANCIAL worth $11,300,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of AXOS FINANCIAL by 11.0% in the fourth quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock valued at $555,000 after purchasing an additional 786 shares in the last quarter. Deutsche Bank AG grew its holdings in AXOS FINANCIAL by 143.9% in the 4th quarter. Deutsche Bank AG now owns 92,818 shares of the company's stock valued at $6,483,000 after buying an additional 54,759 shares during the period. Janus Henderson Group PLC increased its position in AXOS FINANCIAL by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 50,399 shares of the company's stock worth $3,520,000 after purchasing an additional 427 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AXOS FINANCIAL by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,110 shares of the company's stock worth $2,173,000 after buying an additional 1,207 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of AXOS FINANCIAL by 7.2% in the 4th quarter. Quantinno Capital Management LP now owns 8,755 shares of the company's stock worth $612,000 after purchasing an additional 588 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Activity at AXOS FINANCIAL

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

Wall Street Analyst Weigh In

Several brokerages recently commented on AX. Jefferies Financial Group started coverage on AXOS FINANCIAL in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price on the stock. Wall Street Zen upgraded AXOS FINANCIAL from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Raymond James Financial reissued an "outperform" rating and set a $95.00 target price (up from $90.00) on shares of AXOS FINANCIAL in a report on Thursday, July 31st. DA Davidson raised their price target on AXOS FINANCIAL from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods upped their target price on shares of AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold 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 Stock Performance

Shares of NYSE:AX traded down $2.04 during trading on Tuesday, reaching $88.25. The stock had a trading volume of 340,009 shares, compared to its average volume of 285,780. AXOS FINANCIAL, INC has a 52 week low of $54.46 and a 52 week high of $93.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 11.83 and a beta of 1.32. The stock has a fifty day simple moving average of $87.59 and a two-hundred day simple moving average of $74.52.

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

AXOS FINANCIAL Company 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.