Cwm LLC Has $497,000 Stake in Axos Financial, Inc (NYSE:AX)

CWM LLC raised its holdings in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 110.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,706 shares of the company's stock after purchasing an additional 4,042 shares during the period. CWM LLC's holdings in Axos Financial were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Axos Financial in the 4th quarter valued at approximately $16,464,000. Epoch Investment Partners Inc. raised its position in shares of Axos Financial by 255.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock valued at $13,946,000 after acquiring an additional 143,474 shares during the period. JPMorgan Chase & Co. raised its position in shares of Axos Financial by 45.8% in the 4th quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company's stock valued at $28,680,000 after acquiring an additional 128,932 shares during the period. GAMMA Investing LLC raised its position in shares of Axos Financial by 8,878.0% in the 1st quarter. GAMMA Investing LLC now owns 118,330 shares of the company's stock valued at $7,635,000 after acquiring an additional 117,012 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Axos Financial by 1,619.2% in the 4th quarter. Hsbc Holdings PLC now owns 117,940 shares of the company's stock valued at $8,269,000 after acquiring an additional 111,080 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Axos Financial from $85.00 to $90.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Needham & Company LLC increased their target price on Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Piper Sandler lowered their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut Axos Financial from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Jefferies Financial Group assumed coverage on Axos Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $85.86.

Insider Buying and Selling at Axos Financial

In other news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 113,295 shares of the company's stock, valued at $7,714,256.55. This trade represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Up 1.2%

Shares of AX traded up $1.00 during mid-day trading on Monday, hitting $85.72. 322,486 shares of the company's stock were exchanged, compared to its average volume of 344,500. The company has a market cap of $4.83 billion, a PE ratio of 11.68 and a beta of 1.29. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $88.46. The company has a 50-day simple moving average of $76.70 and a 200 day simple moving average of $69.86. 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 (NYSE:AX - Get Free Report) last issued its quarterly 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 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 period last year, the business earned $1.91 EPS. On average, research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial declared 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 shares. This buyback authorization allows the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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.