Raymond James & Associates Acquires 25,158 Shares of Axos Financial, Inc. (NYSE:AX)

Raymond James & Associates boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 29.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,964 shares of the company’s stock after purchasing an additional 25,158 shares during the quarter. Raymond James & Associates owned about 0.19% of Axos Financial worth $6,915,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Axos Financial by 37.6% in the first quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,560 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Axos Financial in the first quarter worth about $706,000. GSA Capital Partners LLP increased its stake in Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock worth $1,699,000 after acquiring an additional 17,288 shares during the last quarter. SG Americas Securities LLC raised its position in Axos Financial by 24.5% during the first quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock valued at $313,000 after purchasing an additional 1,142 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Axos Financial by 9.6% during the first quarter. Illinois Municipal Retirement Fund now owns 30,132 shares of the company’s stock valued at $1,628,000 after purchasing an additional 2,649 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AX shares. Needham & Company LLC initiated coverage on Axos Financial in a report on Friday, October 11th. They issued a “buy” rating and a $82.00 target price for the company. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research note on Wednesday, July 31st. Raymond James increased their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler raised their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $80.20.

Axos Financial Stock Up 0.3 %

NYSE:AX opened at $66.47 on Thursday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 9.02 and a beta of 1.39. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $64.85 and a 200-day simple moving average of $61.29.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. The company had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the firm posted $1.50 EPS. Analysts anticipate that Axos Financial, Inc. will post 7.12 EPS for the current year.

Insider Transactions at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.82% of the company’s stock.

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.