Axos Financial, Inc. (NYSE:AX) Position Increased by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in Axos Financial, Inc. (NYSE:AX) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,383 shares of the company’s stock after buying an additional 6,292 shares during the period. Kennedy Capital Management LLC’s holdings in Axos Financial were worth $4,637,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Axos Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock worth $428,153,000 after acquiring an additional 49,695 shares during the last quarter. American Century Companies Inc. raised its holdings in Axos Financial by 9.6% during the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock worth $130,953,000 after buying an additional 163,952 shares during the period. Geode Capital Management LLC lifted its stake in Axos Financial by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company’s stock valued at $103,975,000 after buying an additional 43,503 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Axos Financial by 7.0% in the fourth quarter. Invesco Ltd. now owns 484,561 shares of the company’s stock worth $33,847,000 after buying an additional 31,530 shares during the period. Finally, Boston Partners purchased a new position in shares of Axos Financial in the fourth quarter worth approximately $29,918,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $57.20 on Friday. 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 stock has a market capitalization of $3.27 billion, a PE ratio of 7.69 and a beta of 1.33. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a 50 day moving average price of $64.96 and a two-hundred day moving average price of $69.59.

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

Analysts Set New Price Targets

AX has been the subject of a number of recent analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. DA Davidson reduced their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Needham & Company LLC increased their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Insider Activity

In related news, Director Sara Wardell-Smith bought 3,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.07% of the stock is currently owned by insiders.

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.