BI Asset Management Fondsmaeglerselskab A S Has $981,000 Holdings in Axos Financial, Inc. (NYSE:AX)

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 14,048 shares of the company’s stock after acquiring an additional 406 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Axos Financial were worth $981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AX. Heck Capital Advisors LLC bought a new stake in Axos Financial in the fourth quarter worth approximately $35,000. Kestra Investment Management LLC bought a new position in shares of Axos Financial during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC grew its position in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock worth $63,000 after buying an additional 850 shares during the period. R Squared Ltd bought a new stake in shares of Axos Financial in the 4th quarter valued at $66,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after acquiring an additional 773 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Up 1.8 %

NYSE:AX opened at $62.09 on Thursday. 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, Inc. has a one year low of $44.10 and a one year high of $88.46. The company has a market cap of $3.55 billion, a PE ratio of 8.35 and a beta of 1.33. The firm has a 50-day moving average of $63.11 and a 200-day moving average of $69.45.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC raised their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. DA Davidson decreased their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Axos Financial 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.