Schonfeld Strategic Advisors LLC Acquires 8,807 Shares of Axos Financial, Inc. (NYSE:AX)

Schonfeld Strategic Advisors LLC raised its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,806 shares of the company's stock after buying an additional 8,807 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.06% of Axos Financial worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AX. Illinois Municipal Retirement Fund grew its holdings in Axos Financial by 0.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after acquiring an additional 196 shares during the last quarter. Versor Investments LP grew its stake in shares of Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock valued at $279,000 after purchasing an additional 200 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Axos Financial by 3.4% in the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock valued at $511,000 after purchasing an additional 241 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Axos Financial by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,717 shares of the company's stock worth $399,000 after purchasing an additional 254 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock worth $948,000 after buying an additional 266 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Trading Down 0.4 %

NYSE AX traded down $0.26 during trading on Friday, reaching $68.76. 212,672 shares of the stock traded hands, compared to its average volume of 521,773. 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. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 9.24 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 $69.60.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.07. The company 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 business earned $1.91 EPS. Analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AX shares. Piper Sandler dropped their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Raymond James reissued an "outperform" rating and set a $72.00 price objective (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. 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 research note on Thursday, May 1st. 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, Keefe, Bruyette & Woods cut their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

Insiders Place Their Bets

In other news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Wardell-Smith acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price 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. Corporate insiders own 5.07% of the company's stock.

Axos Financial Company 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.