Intech Investment Management LLC Boosts Stock Position in AXOS FINANCIAL, INC $AX

Intech Investment Management LLC boosted its holdings in AXOS FINANCIAL, INC (NYSE:AX) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,145 shares of the company’s stock after acquiring an additional 2,678 shares during the quarter. Intech Investment Management LLC owned 0.07% of AXOS FINANCIAL worth $2,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new position in shares of AXOS FINANCIAL during the 4th quarter valued at $35,000. GAMMA Investing LLC lifted its holdings in shares of AXOS FINANCIAL by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock valued at $118,000 after buying an additional 516 shares during the period. Quarry LP bought a new position in shares of AXOS FINANCIAL during the 1st quarter valued at $119,000. Palouse Capital Management Inc. lifted its holdings in shares of AXOS FINANCIAL by 37.2% during the 1st quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company’s stock valued at $171,000 after buying an additional 718 shares during the period. Finally, United Services Automobile Association bought a new position in shares of AXOS FINANCIAL during the 1st quarter valued at $212,000. 83.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. The trade was a 17.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

AXOS FINANCIAL Stock Performance

AXOS FINANCIAL stock opened at $91.53 on Monday. The company has a 50 day moving average price of $87.36 and a 200-day moving average price of $74.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. AXOS FINANCIAL, INC has a fifty-two week low of $54.46 and a fifty-two week high of $93.84. The company has a market capitalization of $5.17 billion, a PE ratio of 12.27 and a beta of 1.32.

AXOS FINANCIAL (NYSE:AX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.12. The company had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. AXOS FINANCIAL’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. As a group, equities analysts forecast that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AX. Jefferies Financial Group began coverage on AXOS FINANCIAL in a report on Wednesday, May 21st. They issued a “buy” rating and a $90.00 target price on the stock. Needham & Company LLC raised their target price on AXOS FINANCIAL from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen raised AXOS FINANCIAL from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price on AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Finally, DA Davidson raised their target price on AXOS FINANCIAL from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.86.

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.