US Bancorp DE Has $130,000 Holdings in Axos Financial, Inc. (NYSE:AX)

US Bancorp DE boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 80.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,859 shares of the company’s stock after acquiring an additional 830 shares during the quarter. US Bancorp DE’s holdings in Axos Financial were worth $130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth about $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth about $52,000. R Squared Ltd purchased a new stake in shares of Axos Financial during the 4th quarter worth about $66,000. Parkside Financial Bank & Trust raised its stake in shares of Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after purchasing an additional 849 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Axos Financial by 34.2% during the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company’s stock worth $92,000 after purchasing an additional 336 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Up 3.8 %

Shares of AX stock opened at $63.94 on Monday. The stock’s 50 day simple moving average is $68.63 and its 200 day simple moving average is $70.17. 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 twelve month low of $44.10 and a twelve month high of $88.46. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 8.59 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

AX has been the subject of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Needham & Company LLC raised their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were 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. This represents a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.07% of the company’s stock.

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.