Axos Financial, Inc. (NYSE:AX) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,155 shares of the company's stock after acquiring an additional 3,810 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Axos Financial were worth $639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial in the 4th quarter valued at $35,000. Kestra Investment Management LLC acquired a new position in shares of Axos Financial in the fourth quarter valued at about $52,000. NewEdge Advisors LLC lifted its holdings in shares of Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares during the period. R Squared Ltd acquired a new stake in shares of Axos Financial during the fourth quarter worth about $66,000. Finally, SRS Capital Advisors Inc. boosted its position in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after buying an additional 773 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Activity at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was 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 directly owns 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38% increase in their position. The disclosure for this purchase can be found here. 5.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on AX shares. Needham & Company LLC restated a "buy" rating and set a $88.00 price objective on shares of Axos Financial in a research note on Thursday, May 1st. DA Davidson lowered their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Piper Sandler reduced their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Finally, Raymond James reaffirmed an "outperform" rating and set a $72.00 target price (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

Axos Financial Price Performance

NYSE:AX traded down $0.66 during trading hours on Friday, reaching $72.06. 51,472 shares of the company were exchanged, compared to its average volume of 416,180. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.06 billion, a PE ratio of 9.69 and a beta of 1.25. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock's 50-day moving average is $63.47 and its 200-day moving average is $69.76.

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, topping the consensus estimate of $1.74 by $0.07. The company had revenue of $432.72 million for the quarter, compared to analysts' expectations 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 previous year, the firm posted $1.91 EPS. On average, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial declared that its Board of Directors has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

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.