Optimize Financial Inc Purchases Shares of 5,284 Axos Financial, Inc. (NYSE:AX)

Optimize Financial Inc bought a new stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,284 shares of the company's stock, valued at approximately $369,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Axos Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after purchasing an additional 49,695 shares during the period. American Century Companies Inc. lifted its holdings in Axos Financial by 9.6% in the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after acquiring an additional 163,952 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after purchasing an additional 43,503 shares in the last quarter. Invesco Ltd. grew its stake in shares of Axos Financial by 7.0% in the 4th quarter. Invesco Ltd. now owns 484,561 shares of the company's stock worth $33,847,000 after purchasing an additional 31,530 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Axos Financial in the 4th quarter worth approximately $29,918,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.07% of the company's stock.

Analysts Set New Price Targets

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

Axos Financial Stock Up 1.9 %

Shares of AX traded up $1.15 during trading hours on Friday, reaching $60.21. The company's stock had a trading volume of 461,218 shares, compared to its average volume of 531,325. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.33. The company has a 50 day moving average of $63.91 and a two-hundred day moving average of $69.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly 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 net margin of 22.10% and a return on equity of 18.67%. As a group, research analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.