Brevan Howard Capital Management LP Acquires New Holdings in Axos Financial, Inc. (NYSE:AX)

Brevan Howard Capital Management LP bought a new stake in Axos Financial, Inc. (NYSE:AX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,500 shares of the company’s stock, valued at approximately $384,000.

Several other large investors have also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in Axos Financial during the 4th quarter valued at $52,000. NewEdge Advisors LLC increased its position in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 850 shares during the period. R Squared Ltd bought a new stake in shares of Axos Financial in the 4th quarter worth $66,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AX shares. DA Davidson lowered their target price on Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. Raymond James restated an “outperform” rating and set a $72.00 target price (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Piper Sandler dropped their price target on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods reduced their price objective 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Axos Financial Price Performance

AX opened at $68.76 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 9.24 and a beta of 1.25. The stock has a fifty day moving average of $62.77 and a 200-day moving average of $69.60. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.07. The firm had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same period last year, the company posted $1.91 EPS. Equities analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price 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 in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Grinberg sold 30,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares in the company, valued at $7,714,256.55. This trade represents a 20.94 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

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.