Axos Financial, Inc. (NYSE:AX) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC boosted its holdings in Axos Financial, Inc. (NYSE:AX) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,383 shares of the company’s stock after purchasing an additional 6,292 shares during the period. Kennedy Capital Management LLC owned about 0.12% of Axos Financial worth $4,637,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its stake in shares of Axos Financial by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock valued at $2,090,000 after purchasing an additional 196 shares in the last quarter. Versor Investments LP raised its stake in Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after buying an additional 200 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock worth $948,000 after buying an additional 266 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Axos Financial by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock worth $3,012,000 after acquiring an additional 279 shares in the last quarter. Finally, World Investment Advisors increased its holdings in shares of Axos Financial by 8.5% in the 4th quarter. World Investment Advisors now owns 3,821 shares of the company’s stock valued at $267,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AX. DA Davidson decreased their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Needham & Company LLC lifted 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 reiterated an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.07% of the stock is owned by insiders.

Axos Financial Stock Performance

Shares of NYSE AX opened at $57.20 on Friday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a market cap of $3.27 billion, a PE ratio of 7.69 and a beta of 1.33. The stock has a 50 day simple moving average of $64.96 and a 200-day simple moving average of $69.59. 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 (NYSE:AX) last issued its quarterly 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%. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current year.

About Axos Financial

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.