NFJ Investment Group LLC Buys New Holdings in Axos Financial, Inc. (NYSE:AX)

NFJ Investment Group LLC bought a new stake in Axos Financial, Inc. (NYSE:AX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,873 shares of the company’s stock, valued at approximately $1,627,000.

Several other hedge funds have also recently bought and sold shares of the stock. Wasatch Advisors LP raised its stake in Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares in the last quarter. Edgestream Partners L.P. raised its stake in Axos Financial by 94.8% during the third quarter. Edgestream Partners L.P. now owns 104,595 shares of the company’s stock worth $6,577,000 after acquiring an additional 50,893 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Axos Financial by 3.0% during the third quarter. Public Sector Pension Investment Board now owns 114,869 shares of the company’s stock worth $7,223,000 after acquiring an additional 3,300 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Axos Financial in the third quarter valued at $229,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Axos Financial by 202.4% in the third quarter. BNP Paribas Financial Markets now owns 41,521 shares of the company’s stock valued at $2,611,000 after buying an additional 27,792 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,199 shares of company stock worth $10,882,135 over the last 90 days. Insiders own 5.07% of the company’s stock.

Axos Financial Price Performance

Axos Financial stock opened at $81.39 on Thursday. The business’s 50-day simple moving average is $71.70 and its 200 day simple moving average is $65.52. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 9.85 and a beta of 1.42. Axos Financial, Inc. has a 12-month low of $42.51 and a 12-month high of $88.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter last year, the business earned $1.41 earnings per share. As a group, research analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush lowered their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Needham & Company LLC raised their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial currently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

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.