7 hours Ago By Defense World Staff
Envestnet Asset Management Inc. grew its stake in shares of Axos Financial, Inc. (NYSE:AX – Free Report) by 19.
9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,445 shares of the company’s stock after purchasing an additional 7,203 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.08% of Axos Financial worth $3,035,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently modified their holdings of the stock.
Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial in the 4th quarter worth about $35,000. Kestra Investment Management LLC bought a new stake in Axos Financial during the fourth quarter worth about $52,000. R Squared Ltd purchased a new stake in Axos Financial in the fourth quarter worth about $66,000.
SRS Capital Advisors Inc. increased its stake in shares of Axos Financial by 238.6% during the fourth quarter.
SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after purchasing an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Axos Financial by 206.
1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock valued at $88,000 after purchasing an additional 849 shares during the last quarter. Hedge funds and other institutional investors own 83.
79% of the company’s stock. Axos Financial Trading Down 1.1 %Axos Financial stock opened at $62.
63 on Friday. Axos Financial, Inc. has a one year low of $44.
10 and a one year high of $88.46. The business’s fifty day moving average is $62.
82 and its 200 day moving average is $69.48. The stock has a market capitalization of $3.
58 billion, a PE ratio of 8.42 and a beta of 1.33.
The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.
09. Axos Financial (NYSE:AX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.
82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.
Wall Street Analysts Forecast GrowthAX has been the topic of several recent research reports. 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 research note on Wednesday, January 29th. Needham & Company LLC increased their target price on Axos Financial from $85.00 to $88.
00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. DA Davidson lowered their price target on Axos Financial from $96.00 to $88.
00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price target 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $84.
17.View Our Latest Stock Report on AXInsider Buying and SellingIn other news, Director Sara Wardell-Smith bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $64.
73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares of the company’s stock, valued at approximately $663,482.
50. This trade represents a 41.38 % increase in their position.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.
About Axos Financial (Free Report)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.
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