NewEdge Advisors LLC Has $63,000 Stock Position in Axos Financial, Inc. (NYSE:AX)

NewEdge Advisors LLC grew its stake in Axos Financial, Inc. (NYSE:AX) by 1,700.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 900 shares of the company’s stock after buying an additional 850 shares during the quarter. NewEdge Advisors LLC’s holdings in Axos Financial were worth $63,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Boston Partners acquired a new position in Axos Financial during the fourth quarter worth $29,918,000. Raymond James Financial Inc. acquired a new position in shares of Axos Financial during the 4th quarter worth about $16,464,000. American Century Companies Inc. increased its position in shares of Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after acquiring an additional 163,952 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Axos Financial during the fourth quarter worth about $9,849,000. Finally, JPMorgan Chase & Co. raised its holdings in Axos Financial by 45.8% during the fourth quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company’s stock worth $28,680,000 after acquiring an additional 128,932 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AX shares. Piper Sandler lowered their price target on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods dropped 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. Raymond James reissued an “outperform” rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $88.00 price target on shares of Axos Financial in a report on Thursday. Finally, DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Axos Financial Stock Up 2.8 %

AX stock opened at $67.32 on Friday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 9.05 and a beta of 1.25. The business’s fifty day moving average price is $62.56 and its two-hundred day moving average price is $69.54.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The firm had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. During the same quarter in the previous year, the firm posted $1.91 EPS. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith bought 3,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at $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 this hyperlink. Corporate insiders own 5.07% of the company’s stock.

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.