Axos Financial, Inc. (NYSE:AX) Shares Purchased by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 484,561 shares of the company's stock after buying an additional 31,530 shares during the quarter. Invesco Ltd. owned approximately 0.85% of Axos Financial worth $33,847,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $35,000. Kestra Investment Management LLC purchased a new position in Axos Financial in the 4th quarter valued at about $52,000. R Squared Ltd acquired a new stake in Axos Financial in the 4th quarter worth about $66,000. SRS Capital Advisors Inc. increased its stake in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after buying an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after acquiring an additional 849 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Up 3.6 %

Shares of NYSE:AX traded up $2.19 during trading hours on Wednesday, reaching $63.18. The stock had a trading volume of 41,389 shares, compared to its average volume of 529,018. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The firm's 50 day moving average is $63.26 and its 200-day moving average is $69.50. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 8.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AX shares. Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Raymond James restated an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.07% of the stock is owned by corporate insiders.

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.