ProShare Advisors LLC Has $1.15 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

ProShare Advisors LLC raised its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,461 shares of the company's stock after acquiring an additional 5,070 shares during the quarter. ProShare Advisors LLC's holdings in Axos Financial were worth $1,150,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Axos Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after acquiring an additional 49,695 shares during the period. American Century Companies Inc. boosted its holdings in Axos Financial by 9.6% in the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after purchasing an additional 163,952 shares during the period. Geode Capital Management LLC boosted its holdings in Axos Financial by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after purchasing an additional 43,503 shares during the period. Northern Trust Corp grew its position in shares of Axos Financial by 4.7% during the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock worth $51,887,000 after purchasing an additional 33,207 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Axos Financial by 8.7% during the fourth quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock worth $47,330,000 after purchasing an additional 54,238 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38% increase in their position. The disclosure for this purchase can be found here. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Down 0.7%

Shares of Axos Financial stock traded down $0.52 during trading on Wednesday, hitting $71.04. The company's stock had a trading volume of 29,695 shares, compared to its average volume of 513,638. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 9.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The stock has a 50-day moving average price of $64.68 and a two-hundred day moving average price of $69.73.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The firm had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the previous year, the company posted $1.91 EPS. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AX shares. Raymond James reiterated an "outperform" rating and issued a $72.00 price target (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Piper Sandler decreased their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. DA Davidson cut their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.71.

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.