Venturi Wealth Management LLC Purchases 400 Shares of Axos Financial, Inc. (NYSE:AX)

Venturi Wealth Management LLC lifted its position in shares of Axos Financial, Inc. (NYSE:AX) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock after buying an additional 400 shares during the quarter. Venturi Wealth Management LLC’s holdings in Axos Financial were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after purchasing an additional 39,091 shares in the last quarter. Barclays PLC boosted its position in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Raymond James & Associates boosted its position in Axos Financial by 29.7% during the third quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after purchasing an additional 25,158 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Axos Financial during the fourth quarter valued at about $9,849,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Down 3.2 %

Axos Financial stock opened at $66.02 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. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The business’s 50-day moving average price is $70.91 and its 200 day moving average price is $70.16. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.87 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 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC increased their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Finally, DA Davidson decreased their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

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.