Mercer Global Advisors Inc. ADV Acquires 3,810 Shares of Axos Financial, Inc. (NYSE:AX)

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

Other institutional investors have also recently made changes to their positions in the company. 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 purchasing an additional 35,087 shares during the last quarter. Principal Financial Group Inc. increased its position in Axos Financial by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after buying an additional 70,017 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Axos Financial during the 4th quarter valued at approximately $9,849,000. Argent Capital Management LLC raised its stake in Axos Financial by 15.1% during the fourth quarter. Argent Capital Management LLC now owns 39,181 shares of the company's stock valued at $2,737,000 after buying an additional 5,142 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in Axos Financial in the fourth quarter worth $200,000. Institutional investors own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction 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 transaction, the director now owns 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

Axos Financial Stock Performance

Shares of AX stock traded down $0.84 during trading hours on Wednesday, reaching $72.75. The company had a trading volume of 297,805 shares, compared to its average volume of 519,815. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day moving average price of $63.12 and a 200-day moving average price of $69.70. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm has a market cap of $4.10 billion, a PE ratio of 9.78 and a beta of 1.25.

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

Axos Financial announced that its board has initiated a stock buyback plan on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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