Huntington National Bank Acquires 672 Shares of Axos Financial, Inc. (NYSE:AX)

Huntington National Bank raised its holdings in Axos Financial, Inc. (NYSE:AX) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,395 shares of the company’s stock after buying an additional 672 shares during the period. Huntington National Bank’s holdings in Axos Financial were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Axos Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock valued at $428,153,000 after acquiring an additional 49,695 shares in the last quarter. State Street Corp boosted its position in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after buying an additional 164,997 shares during the period. American Century Companies Inc. grew its position in shares of Axos Financial by 9.6% in the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after buying an additional 163,952 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company’s stock valued at $103,975,000 after purchasing an additional 43,503 shares in the last quarter. Finally, Boston Partners bought a new stake in Axos Financial in the fourth quarter valued at $29,918,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Trading Down 3.6 %

NYSE AX opened at $57.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $66.72 and a 200 day simple moving average of $69.99. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The firm has a market capitalization of $3.29 billion, a P/E ratio of 7.75 and a beta of 1.33.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 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, analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AX. Raymond James restated an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note 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 cut 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. Needham & Company LLC boosted their price target on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Transactions 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 bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.