3,521 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,521 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently added to or reduced their stakes in AX. Loomis Sayles & Co. L P increased its holdings in shares of Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after buying an additional 39,091 shares in the last quarter. Maverick Capital Ltd. grew its position in Axos Financial by 287.4% during the 2nd quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock worth $2,069,000 after acquiring an additional 26,855 shares during the last quarter. Algert Global LLC increased its holdings in Axos Financial by 9.9% in the 2nd quarter. Algert Global LLC now owns 183,352 shares of the company’s stock worth $10,479,000 after purchasing an additional 16,448 shares in the last quarter. First Eagle Investment Management LLC raised its position in Axos Financial by 13.9% in the second quarter. First Eagle Investment Management LLC now owns 213,572 shares of the company’s stock valued at $12,206,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Axos Financial by 29.7% during the third quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after purchasing an additional 25,158 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Needham & Company LLC upped their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.20.

Axos Financial Stock Down 1.2 %

Shares of NYSE AX opened at $71.12 on Friday. The company’s 50 day moving average price is $75.20 and its 200-day moving average price is $67.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The company has a market capitalization of $4.06 billion, a P/E ratio of 8.61 and a beta of 1.42.

Axos Financial (NYSE:AX) last released its 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 analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the previous year, the business earned $1.41 earnings per share. Equities analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

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.