UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Axos Financial, Inc. (NYSE:AX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,710 shares of the company's stock after buying an additional 22,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Axos Financial worth $7,663,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AX. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial in the fourth quarter valued at $35,000. Kestra Investment Management LLC bought a new position in Axos Financial during the 4th quarter valued at about $52,000. NewEdge Advisors LLC raised its position in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares during the period. SRS Capital Advisors Inc. lifted its stake in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after buying an additional 849 shares during the period. Institutional investors own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AX shares. DA Davidson reduced their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Raymond James reiterated 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. Jefferies Financial Group started coverage on Axos Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price for the company. Piper Sandler lowered their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Axos Financial currently has an average rating of "Moderate Buy" and a consensus target price of $82.71.

Insiders Place Their Bets

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the sale, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.07% of the stock is owned by insiders.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $0.25 during trading hours on Thursday, reaching $69.64. 219,882 shares of the company's stock were exchanged, compared to its average volume of 482,050. The business has a fifty day moving average of $65.38 and a two-hundred day moving average of $69.25. The company has a market capitalization of $3.93 billion, a P/E ratio of 9.36 and a beta of 1.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1 year low of $50.93 and a 1 year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.07. The company had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter last year, the firm posted $1.91 earnings per share. As a group, research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its Board of Directors has authorized a stock repurchase program 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 programs are generally an indication that the company's leadership believes its shares are undervalued.

About Axos Financial

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.