Axos Financial, Inc. (NYSE:AX) Stock Position Raised by Renaissance Group LLC

Renaissance Group LLC lifted its stake in Axos Financial, Inc. (NYSE:AX) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,760 shares of the company’s stock after acquiring an additional 5,269 shares during the period. Renaissance Group LLC’s holdings in Axos Financial were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AX. Invesco Ltd. raised its position in shares of Axos Financial by 7.0% in the fourth quarter. Invesco Ltd. now owns 484,561 shares of the company’s stock valued at $33,847,000 after purchasing an additional 31,530 shares during the period. Cerity Partners LLC lifted its holdings in Axos Financial by 17.1% in the fourth quarter. Cerity Partners LLC now owns 14,341 shares of the company’s stock valued at $946,000 after buying an additional 2,090 shares during the period. Envestnet Asset Management Inc. grew its holdings in Axos Financial by 19.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 43,445 shares of the company’s stock valued at $3,035,000 after purchasing an additional 7,203 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Axos Financial by 14.7% during the 4th quarter. Wells Fargo & Company MN now owns 70,916 shares of the company’s stock valued at $4,954,000 after purchasing an additional 9,082 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in Axos Financial in the 4th quarter worth $3,475,000. 83.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Stock Performance

NYSE:AX opened at $56.26 on Wednesday. The business’s fifty day moving average is $65.82 and its 200 day moving average is $69.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 7.56 and a beta of 1.33.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Research analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Raymond James reiterated 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. DA Davidson dropped their target price 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 decreased 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 research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target 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.