Jones Financial Companies Lllp Lowers Position in Axos Financial, Inc. (NYSE:AX)

Jones Financial Companies Lllp decreased its stake in shares of Axos Financial, Inc. (NYSE:AX) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,992 shares of the company’s stock after selling 241 shares during the period. Jones Financial Companies Lllp’s holdings in Axos Financial were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AX. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the fourth quarter valued at $35,000. Ashton Thomas Securities LLC bought a new stake in Axos Financial in the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC lifted its holdings in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Kestra Investment Management LLC bought a new position in Axos Financial during the fourth quarter worth about $52,000. Finally, US Bancorp DE increased its stake in shares of Axos Financial by 325.2% in the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after purchasing an additional 787 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AX. Needham & Company LLC lifted their price target on 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 reiterated an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. DA Davidson decreased their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their price target on shares of 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 assigned a buy rating to the stock. According to MarketBeat.com, Axos Financial has an average rating of “Moderate Buy” and an average target price of $84.17.

Axos Financial Price Performance

AX opened at $62.92 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 8.46 and a beta of 1.45. The stock has a fifty day simple moving average of $69.36 and a two-hundred day simple moving average of $70.36. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share 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%. Research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.07% of the stock is owned by corporate 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.