Huntington National Bank Grows Stock Position in Axos Financial, Inc. (NYSE:AX)

Huntington National Bank grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 24.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,395 shares of the company’s stock after purchasing an additional 672 shares during the quarter. Huntington National Bank’s holdings in Axos Financial were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AX. Illinois Municipal Retirement Fund grew its stake in Axos Financial by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock valued at $2,090,000 after buying an additional 196 shares in the last quarter. Versor Investments LP grew its position in shares of Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after purchasing an additional 200 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock valued at $948,000 after purchasing an additional 266 shares during the period. New York State Teachers Retirement System lifted its holdings in Axos Financial by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock worth $3,012,000 after purchasing an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Axos Financial by 34.2% in 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 during the period. Institutional investors own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AX shares. Raymond James reissued an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. DA Davidson lowered their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Finally, Needham & Company LLC lifted 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Trading Down 3.6 %

Shares of AX stock opened at $57.65 on Friday. The business has a 50-day moving average price of $66.72 and a two-hundred day moving average price of $69.99. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.29 billion, a P/E ratio of 7.75 and a beta of 1.33.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.