Axos Financial, Inc. (NYSE:AX) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,816 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.07% of Axos Financial worth $2,921,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AX. Barclays PLC raised its holdings in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company's stock worth $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock worth $23,604,000 after purchasing an additional 17,201 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Axos Financial by 1,700.0% in the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares in the last quarter. Empowered Funds LLC raised its holdings in Axos Financial by 28.2% in the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock worth $1,139,000 after purchasing an additional 3,588 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Axos Financial by 0.7% in the fourth quarter. Swiss National Bank now owns 106,400 shares of the company's stock worth $7,432,000 after purchasing an additional 700 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the director now 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 disclosure for this sale can be found here. Corporate insiders own 5.07% of the company's stock.

Axos Financial Stock Down 1.5%

Shares of AX traded down $1.08 during mid-day trading on Friday, hitting $69.57. 432,697 shares of the company traded hands, compared to its average volume of 509,860. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.92 billion, a PE ratio of 9.35 and a beta of 1.25. The business has a 50 day moving average of $64.95 and a 200 day moving average of $69.54.

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

Axos Financial declared that its Board of Directors has authorized a stock buyback program on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson reduced their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price for the company. Piper Sandler reduced their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Raymond James reiterated an "outperform" rating and issued a $72.00 target price (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 target price 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 given a buy rating to the stock. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.71.

Axos Financial 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.