Axos Financial, Inc. (NYSE:AX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its position in Axos Financial, Inc. (NYSE:AX) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,341 shares of the company’s stock after acquiring an additional 2,090 shares during the period. Cerity Partners LLC’s holdings in Axos Financial were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions 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 acquiring an additional 32,095 shares during the period. Barclays PLC grew its position in Axos Financial by 32.6% during the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after purchasing an additional 35,087 shares during the period. Principal Financial Group Inc. raised its stake in shares of Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $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 in the 4th quarter valued at about $9,849,000. Finally, Empowered Funds LLC boosted its stake 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 worth $1,139,000 after buying an additional 3,588 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.07% of the stock is currently owned by insiders.

Axos Financial Stock Up 1.9 %

Shares of NYSE AX opened at $60.21 on Friday. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week 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 company’s 50-day simple moving average is $63.67 and its 200-day simple moving average is $69.51. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.33.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating 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%. Equities analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AX shares. Needham & Company LLC lifted their price target on 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 lowered their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Finally, DA Davidson lowered 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 note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

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.