Dimensional Fund Advisors LP Buys 7,509 Shares of Axos Financial, Inc $AX

Dimensional Fund Advisors LP raised its stake in shares of Axos Financial, Inc (NYSE:AX) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,177,003 shares of the company’s stock after buying an additional 7,509 shares during the quarter. Dimensional Fund Advisors LP owned about 3.83% of Axos Financial worth $185,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Axos Financial by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock valued at $1,426,000 after purchasing an additional 108 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after buying an additional 113 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Axos Financial by 0.9% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock worth $1,281,000 after buying an additional 132 shares during the period. Salomon & Ludwin LLC increased its position in Axos Financial by 43.2% during the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock worth $39,000 after buying an additional 133 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Axos Financial by 0.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 17,663 shares of the company’s stock worth $1,522,000 after buying an additional 146 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Price Performance

Shares of NYSE AX opened at $95.75 on Friday. The business has a fifty day moving average price of $92.06 and a two-hundred day moving average price of $91.60. The stock has a market capitalization of $5.45 billion, a PE ratio of 11.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $102.18.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The company had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. During the same period last year, the company posted $1.81 earnings per share. As a group, equities analysts predict that Axos Financial, Inc will post 8.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Benchmark began coverage on shares of Axos Financial in a research note on Wednesday, July 8th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $110.00 to $100.00 in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $110.33.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the sale, the director directly owned 7,646 shares in the company, valued at $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares in the company, valued at approximately $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is owned by insiders.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.