Axos Financial, Inc. (NYSE:AX) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,075 shares of the company's stock after purchasing an additional 3,861 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Axos Financial worth $2,730,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith purchased 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 transaction, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the company's 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 of the company's stock, valued at approximately $7,714,256.55. This represents a 20.94 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $0.26 during trading hours on Friday, reaching $68.76. The stock had a trading volume of 212,672 shares, compared to its average volume of 521,773. The stock's 50 day moving average is $62.77 and its 200 day moving average is $69.60. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The firm has a market capitalization of $3.88 billion, a PE ratio of 9.24 and a beta of 1.25.

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 for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The company had revenue of $432.72 million during 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 quarter in the prior year, the firm posted $1.91 EPS. Equities analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price 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. 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. Piper Sandler reduced their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Raymond James reaffirmed an "outperform" rating and issued a $72.00 price target (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Finally, DA Davidson reduced their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note 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. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

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.