Raymond James & Associates Has $4.47 Million Holdings in Axos Financial, Inc. (NYSE:AX)

Raymond James & Associates lowered its position in shares of Axos Financial, Inc. (NYSE:AX) by 36.3% during the fourth quarter, Holdings Channel reports. The fund owned 81,939 shares of the company’s stock after selling 46,594 shares during the quarter. Raymond James & Associates’ holdings in Axos Financial were worth $4,474,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Qube Research & Technologies Ltd raised its holdings in shares of Axos Financial by 80.3% during the third quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock valued at $5,401,000 after acquiring an additional 63,523 shares during the period. Loomis Sayles & Co. L P grew its position in Axos Financial by 9.7% during the third quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock valued at $24,308,000 after purchasing an additional 56,634 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Axos Financial during the third quarter valued at approximately $1,225,000. Federated Hermes Inc. grew its position in Axos Financial by 960,400.0% during the third quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock valued at $1,818,000 after purchasing an additional 48,020 shares in the last quarter. Finally, Toroso Investments LLC grew its position in Axos Financial by 87.1% during the third quarter. Toroso Investments LLC now owns 59,012 shares of the company’s stock valued at $2,234,000 after purchasing an additional 27,469 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

AX stock opened at $50.03 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.38 and a beta of 1.44. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $60.00. The firm has a 50 day moving average of $51.76 and a two-hundred day moving average of $47.17.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.39 by $0.21. The company had revenue of $352.74 million during the quarter, compared to the consensus estimate of $247.43 million. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. As a group, equities analysts anticipate that Axos Financial, Inc. will post 6.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $49.75 per share, with a total value of $248,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Sara Wardell-Smith acquired 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $248,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the sale, the executive vice president now owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Wedbush boosted their price objective on shares of Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, Raymond James boosted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st.

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.