Price T Rowe Associates Inc. MD Has $2.73 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Price T Rowe Associates Inc. MD grew its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,075 shares of the company's stock after buying an additional 3,861 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.07% of Axos Financial worth $2,730,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Boston Partners bought a new position in Axos Financial during the 4th quarter valued at $29,918,000. Raymond James Financial Inc. bought a new position in shares of Axos Financial during the fourth quarter worth about $16,464,000. American Century Companies Inc. grew its stake in 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 purchasing an additional 163,952 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in 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 buying an additional 143,474 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Axos Financial during the fourth quarter valued at approximately $9,849,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AX. Raymond James reiterated an "outperform" rating and issued a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. DA Davidson lowered their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Piper Sandler dropped their target price 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. Keefe, Bruyette & Woods reduced their price target 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Insider Buying and Selling at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 113,295 shares of the company's stock, valued at $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Performance

Shares of NYSE AX traded up $3.15 during midday trading on Monday, hitting $71.94. 40,143 shares of the company's stock were exchanged, compared to its average volume of 519,890. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The firm has a market cap of $4.06 billion, a P/E ratio of 9.66 and a beta of 1.25. The stock's 50 day moving average price is $62.77 and its 200-day moving average price is $69.63. 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 (NYSE:AX - Get Free Report) last released its quarterly earnings results 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. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million during the quarter, compared to analysts' expectations of $305.04 million. During the same quarter in the prior year, the business posted $1.91 earnings per share. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

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.