O Shaughnessy Asset Management LLC Acquires New Holdings in Axos Financial, Inc. (NYSE:AX)

O Shaughnessy Asset Management LLC bought a new position in Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,186 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Axos Financial by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after purchasing an additional 32,095 shares during the period. Barclays PLC increased its position in Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after buying an additional 35,087 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after buying an additional 17,201 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial during the fourth quarter worth approximately $9,849,000. Finally, Empowered Funds LLC boosted its position in shares of Axos Financial by 28.2% in the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock valued at $1,139,000 after acquiring an additional 3,588 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AX. DA Davidson dropped 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 report on Thursday, January 30th. Needham & Company LLC upped their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their target price on 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, Raymond James reaffirmed an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Stock Performance

NYSE AX opened at $57.20 on Monday. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve 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 stock has a market cap of $3.27 billion, a P/E ratio of 7.69 and a beta of 1.33. The company’s 50-day simple moving average is $64.96 and its 200 day simple moving average is $69.64.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

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

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.