Hsbc Holdings PLC Grows Holdings in Axos Financial, Inc. (NYSE:AX)

Hsbc Holdings PLC lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 1,619.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,940 shares of the company's stock after buying an additional 111,080 shares during the period. Hsbc Holdings PLC owned about 0.21% of Axos Financial worth $8,269,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Boston Partners bought a new stake in Axos Financial during the 4th quarter worth $29,918,000. Raymond James Financial Inc. bought a new stake in shares of Axos Financial during the fourth quarter worth about $16,464,000. American Century Companies Inc. increased its stake in shares of Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after buying an additional 163,952 shares during the period. Epoch Investment Partners Inc. raised its holdings in 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 buying an additional 143,474 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Axos Financial during the 4th quarter worth approximately $9,849,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AX shares. Raymond James reaffirmed an "outperform" rating and set a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a research note on Friday. Keefe, Bruyette & Woods reduced their price target on 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 price target on shares of Axos Financial in a research note on Thursday. Piper Sandler cut their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, DA Davidson decreased their target price 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Axos Financial has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Axos Financial Stock Up 2.8 %

Shares of AX traded up $1.82 during trading hours on Friday, hitting $67.32. The stock had a trading volume of 414,245 shares, compared to its average volume of 523,771. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The firm has a market capitalization of $3.80 billion, a P/E ratio of 9.05 and a beta of 1.25. The firm has a 50 day simple moving average of $62.56 and a 200-day simple moving average of $69.55. 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 (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.07. The business had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same quarter in the prior year, the company earned $1.91 earnings per share. Sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost 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. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by insiders.

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.