Axos Financial, Inc. (NYSE:AX) Stake Raised by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 742,837 shares of the company's stock after acquiring an additional 33,207 shares during the period. Northern Trust Corp owned 1.30% of Axos Financial worth $51,887,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Boston Partners acquired a new position in shares of Axos Financial during the fourth quarter worth about $29,918,000. Raymond James Financial Inc. purchased a new position in shares of Axos Financial during the 4th quarter worth approximately $16,464,000. American Century Companies Inc. raised its holdings 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 worth $130,953,000 after acquiring an additional 163,952 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Axos Financial by 255.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock valued at $13,946,000 after acquiring an additional 143,474 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial during the fourth quarter valued at $9,849,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.4 %

AX traded down $0.26 on Friday, reaching $68.76. The company's stock had a trading volume of 212,672 shares, compared to its average volume of 521,773. 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, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The business's 50 day moving average is $62.77 and its 200 day moving average is $69.60. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (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 analyst estimates 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 earned $1.91 earnings per share. As a group, research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson reduced their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their target price 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. Raymond James reaffirmed an "outperform" rating and issued a $72.00 target price (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research note on Thursday, May 1st. Finally, Piper Sandler cut their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.50.

Insider Transactions at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the sale, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. The trade was a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.07% of the company's stock.

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.