Swiss National Bank Increases Stock Position in Axos Financial, Inc. (NYSE:AX)

Swiss National Bank lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,400 shares of the company’s stock after acquiring an additional 700 shares during the period. Swiss National Bank owned 0.19% of Axos Financial worth $7,432,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AX. State Street Corp grew its position in Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after buying an additional 164,997 shares during the last quarter. Geode Capital Management LLC grew its position in Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the last quarter. Wasatch Advisors LP grew its position in Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after buying an additional 292,952 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Axos Financial by 9.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after buying an additional 39,091 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Axos Financial by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $23,604,000 after buying an additional 17,201 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AX. Needham & Company LLC lifted their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. DA Davidson reduced their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Three 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, Axos Financial currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Trading Up 0.5 %

NYSE:AX opened at $64.02 on Friday. The company has a market capitalization of $3.66 billion, a PE ratio of 8.60 and a beta of 1.45. 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 52-week low of $44.10 and a 52-week high of $88.46. The stock has a fifty day simple moving average of $68.12 and a 200-day simple moving average of $69.99.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (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%. On average, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal 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.