Axos Financial, Inc. (NYSE:AX) Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,461 shares of the company's stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AX. Heck Capital Advisors LLC purchased a new stake in Axos Financial during the fourth quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial in the 4th quarter valued at about $52,000. NewEdge Advisors LLC grew its stake in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd purchased a new position in Axos Financial during the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. raised its position in Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

AX has been the topic of several research reports. 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 report on Friday, May 2nd. DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods dropped their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $88.00 target price on shares of Axos Financial in a research note on Thursday, May 1st. Finally, Piper Sandler decreased their price target on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Axos Financial presently has an average rating of "Moderate Buy" and an average target price of $82.71.

Insider Buying and Selling at Axos Financial

In other news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director now owns 113,295 shares of the company's stock, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly 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 owned by company insiders.

Axos Financial Trading Down 0.2%

Shares of NYSE AX traded down $0.13 on Monday, reaching $69.54. 267,513 shares of the company traded hands, compared to its average volume of 516,767. The company has a 50 day moving average of $64.42 and a 200 day moving average of $69.80. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a market capitalization of $3.92 billion, a PE ratio of 9.35 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same period in the prior year, the firm posted $1.91 EPS. On average, equities 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 has approved a stock repurchase plan on Monday, May 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is 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.