Smartleaf Asset Management LLC Raises Holdings in Axos Financial, Inc. (NYSE:AX)

Smartleaf Asset Management LLC increased its position in Axos Financial, Inc. (NYSE:AX) by 425.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,509 shares of the company’s stock after acquiring an additional 1,222 shares during the period. Smartleaf Asset Management LLC’s holdings in Axos Financial were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AX. Wasatch Advisors LP grew its holdings in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares during the period. State Street Corp grew its holdings in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the 4th quarter worth approximately $9,849,000. Geode Capital Management LLC grew its holdings in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after acquiring an additional 91,797 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after acquiring an additional 70,017 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

AX stock opened at $64.84 on Friday. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The stock’s fifty day simple moving average is $69.49 and its 200-day simple moving average is $70.27. 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 stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 8.72 and a beta of 1.45.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analysts Set New Price Targets

AX has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered 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. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. DA Davidson lowered their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Needham & Company LLC increased their target price on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.