Hsbc Holdings PLC Takes Position in Axos Financial, Inc. (NYSE:AX)

Hsbc Holdings PLC bought a new stake in Axos Financial, Inc. (NYSE:AXFree Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 32,808 shares of the company’s stock, valued at approximately $1,809,000. Hsbc Holdings PLC owned 0.06% of Axos Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after buying an additional 331 shares in the last quarter. GAMMA Investing LLC bought a new position in Axos Financial in the 4th quarter valued at about $49,000. Strs Ohio boosted its stake in Axos Financial by 220.0% during the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after purchasing an additional 1,100 shares during the last quarter. Quest Partners LLC bought a new stake in Axos Financial during the 4th quarter worth approximately $100,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Axos Financial in the third quarter worth approximately $158,000. 83.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.82% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $52.16 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 7.08 and a beta of 1.39. The company’s 50-day moving average is $54.61 and its 200 day moving average is $52.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $63.00.

Axos Financial (NYSE:AXGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. The firm had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same period in the prior year, the firm earned $1.35 EPS. On average, equities research analysts forecast that Axos Financial, Inc. will post 6.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 price target on shares of Axos Financial in a report on Tuesday. Piper Sandler increased their target price on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Wedbush restated a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Check Out Our Latest Research Report on AX

Axos Financial Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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