235,710 Shares in Axos Financial, Inc. (NYSE:AX) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 235,710 shares of the company’s stock, valued at approximately $16,464,000. Raymond James Financial Inc. owned 0.41% of Axos Financial as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial during the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new stake in shares of Axos Financial in the 4th quarter worth approximately $66,000. SRS Capital Advisors Inc. increased its stake in shares of Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after buying an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock valued at $88,000 after acquiring an additional 849 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade 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 can be accessed through the SEC website. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Stock Performance

Shares of AX opened at $60.21 on Monday. 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 stock has a market cap of $3.44 billion, a P/E ratio of 8.09 and a beta of 1.33. The business’s 50 day moving average price is $63.67 and its 200-day moving average price is $69.58.

Axos Financial (NYSE:AX) last issued its quarterly earnings results 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%. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the topic of several recent analyst reports. Raymond James reiterated 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. Keefe, Bruyette & Woods reduced 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 research report on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Company 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.