3,229 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC bought a new position in Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,229 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds have also modified their holdings of AX. Wasatch Advisors LP boosted its position in shares of Axos Financial by 34.0% in the third 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Axos Financial in the fourth quarter worth approximately $16,464,000. State Street Corp boosted its position in shares of Axos Financial by 5.5% in the third 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 last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the fourth quarter worth approximately $9,849,000. Finally, Geode Capital Management LLC raised its holdings in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.5 %

Shares of NYSE:AX opened at $62.39 on Wednesday. The firm has a market cap of $3.56 billion, a PE ratio of 8.39 and a beta of 1.45. The company has a fifty day simple moving average of $69.20 and a 200 day simple moving average of $70.35. 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 12-month low of $44.10 and a 12-month high of $88.46.

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

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value 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 approximately $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on AX shares. Needham & Company LLC raised their price target on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. DA Davidson cut their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods dropped 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 research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.