First Trust Advisors LP Purchases 81,861 Shares of Axos Financial, Inc. (NYSE:AX)

First Trust Advisors LP boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 143.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,114 shares of the company's stock after purchasing an additional 81,861 shares during the period. First Trust Advisors LP owned about 0.24% of Axos Financial worth $9,717,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock worth $17,711,000 after buying an additional 32,095 shares during the period. Barclays PLC lifted its holdings in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after acquiring an additional 35,087 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Axos Financial by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after purchasing an additional 17,201 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the 4th quarter valued at $9,849,000. Finally, Empowered Funds LLC grew its holdings in shares of Axos Financial by 28.2% in the 4th 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 during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.07% of the company's stock.

Axos Financial Trading Up 2.8 %

AX stock traded up $1.82 during trading on Friday, hitting $67.32. The company had a trading volume of 414,245 shares, compared to its average volume of 523,771. The firm has a 50-day moving average price of $62.56 and a 200-day moving average price of $69.55. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month 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 stock has a market cap of $3.80 billion, a price-to-earnings ratio of 9.05 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AX shares. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock 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 report on Thursday. 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. DA Davidson cut their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Raymond James restated an "outperform" rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average price target of $81.50.

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.