Axos Financial, Inc. (NYSE:AX) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 33.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,806 shares of the company's stock after acquiring an additional 8,807 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of Axos Financial worth $2,431,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AX. Vanguard Group Inc. lifted its position in shares of Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after buying an additional 49,695 shares during the last quarter. American Century Companies Inc. increased its position in shares of Axos Financial by 9.6% during 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. Geode Capital Management LLC lifted its holdings 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 during the last quarter. Northern Trust Corp grew its stake in Axos Financial by 4.7% during the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock worth $51,887,000 after buying an additional 33,207 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Axos Financial by 7.0% during the 4th quarter. Invesco Ltd. now owns 484,561 shares of the company's stock worth $33,847,000 after buying an additional 31,530 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

AX has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Raymond James restated an "outperform" rating and issued a $72.00 price objective (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. DA Davidson dropped their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler dropped 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 given a buy rating to the company. According to data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Axos Financial Price Performance

Shares of Axos Financial stock traded up $1.88 during mid-day trading on Thursday, reaching $68.98. 355,955 shares of the stock traded hands, compared to its average volume of 521,045. The stock has a market capitalization of $3.89 billion, a PE ratio of 9.27 and a beta of 1.25. The business has a 50-day moving average of $62.62 and a 200 day moving average of $69.53. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $305.04 million. During the same quarter last year, the firm posted $1.91 EPS. On average, analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director now owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

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.