Virtu Financial LLC Increases Stake in Axos Financial, Inc. (NYSE:AX)

Virtu Financial LLC increased its stake in Axos Financial, Inc. (NYSE:AX) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,259 shares of the company’s stock after buying an additional 846 shares during the period. Virtu Financial LLC’s holdings in Axos Financial were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AX. Natixis Advisors LLC lifted its position in Axos Financial by 14.9% during the third quarter. Natixis Advisors LLC now owns 21,030 shares of the company’s stock valued at $1,322,000 after buying an additional 2,727 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Axos Financial by 33.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company’s stock worth $123,000 after acquiring an additional 496 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Axos Financial during the 3rd quarter valued at about $230,000. Citigroup Inc. lifted its position in Axos Financial by 3.2% during the 3rd quarter. Citigroup Inc. now owns 151,151 shares of the company’s stock valued at $9,504,000 after acquiring an additional 4,672 shares during the period. Finally, Cerity Partners LLC grew its holdings in Axos Financial by 27.2% in the third quarter. Cerity Partners LLC now owns 12,251 shares of the company’s stock worth $770,000 after purchasing an additional 2,619 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In 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. Company insiders own 5.07% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $65.41 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 8.79 and a beta of 1.45. The business has a 50-day simple moving average of $67.95 and a two-hundred day simple moving average of $70.00. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share 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, analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods lowered their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report 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. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Raymond James restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.