5,546 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new position in shares of Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,546 shares of the company’s stock, valued at approximately $387,000.

A number of other hedge funds have also bought and sold shares of the stock. US Bancorp DE increased its holdings in shares of Axos Financial by 325.2% in the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock valued at $65,000 after purchasing an additional 787 shares during the period. Farther Finance Advisors LLC boosted its position in Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares during the last quarter. Amalgamated Bank increased its holdings in Axos Financial by 2.1% in the 3rd quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after buying an additional 322 shares during the period. Principal Financial Group Inc. raised its position in Axos Financial by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after buying an additional 70,017 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Axos Financial by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.07% of the stock is currently owned by insiders.

Axos Financial Trading Up 0.2 %

Shares of NYSE:AX opened at $62.49 on Thursday. The business’s 50 day moving average price is $69.06 and its 200-day moving average price is $70.30. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 8.40 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AX has been the subject of several recent research reports. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC boosted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. DA Davidson lowered their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Axos Financial has an average rating of “Moderate Buy” and an average target price 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.