Wellington Management Group LLP Increases Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Wellington Management Group LLP raised its stake in Axos Financial, Inc. (NYSE:AX) by 162.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,950 shares of the company’s stock after purchasing an additional 133,113 shares during the period. Wellington Management Group LLP owned 0.38% of Axos Financial worth $11,736,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AX. FinTrust Capital Advisors LLC purchased a new position in Axos Financial in the fourth quarter valued at approximately $44,000. Covestor Ltd boosted its holdings in shares of Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after acquiring an additional 331 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Axos Financial in the fourth quarter valued at approximately $49,000. Strs Ohio boosted its holdings in shares of Axos Financial by 220.0% in the fourth quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after acquiring an additional 1,100 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Axos Financial in the fourth quarter valued at approximately $100,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AX shares. Wedbush reissued a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 price objective on shares of Axos Financial in a report on Tuesday, June 4th. Finally, Piper Sandler increased their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Axos Financial Price Performance

Shares of NYSE AX opened at $54.84 on Thursday. Axos Financial, Inc. has a 1-year low of $32.05 and a 1-year high of $63.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $55.35 and a 200 day moving average price of $53.54. The company has a market cap of $3.12 billion, a PE ratio of 7.44 and a beta of 1.39.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The company had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same quarter last year, the company earned $1.35 earnings per share. Sell-side analysts forecast that Axos Financial, Inc. will post 6.76 EPS for the current year.

Axos Financial 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.