ProShare Advisors LLC raised its position in shares of Axos Financial, Inc. (NYSE:AX – Get Rating) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,937 shares of the company’s stock after acquiring an additional 1,169 shares during the period. ProShare Advisors LLC’s holdings in Axos Financial were worth $342,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AX. Van Hulzen Asset Management LLC lifted its stake in shares of Axos Financial by 3.5% in the third quarter. Van Hulzen Asset Management LLC now owns 9,026 shares of the company’s stock valued at $309,000 after buying an additional 304 shares during the period. CWM LLC lifted its stake in shares of Axos Financial by 8.1% in the fourth quarter. CWM LLC now owns 4,209 shares of the company’s stock valued at $161,000 after buying an additional 316 shares during the period. Credit Suisse AG lifted its stake in shares of Axos Financial by 0.7% in the third quarter. Credit Suisse AG now owns 46,215 shares of the company’s stock valued at $1,582,000 after buying an additional 327 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Axos Financial by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 37,193 shares of the company’s stock valued at $1,421,000 after buying an additional 339 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Axos Financial by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,680 shares of the company’s stock valued at $1,279,000 after buying an additional 339 shares during the period. 76.97% of the stock is currently owned by institutional investors.
Axos Financial Stock Performance
NYSE AX opened at $40.02 on Tuesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 8.70 and a beta of 1.45. The company has a 50 day moving average of $37.23 and a 200-day moving average of $42.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. Axos Financial, Inc. has a 1-year low of $33.15 and a 1-year high of $51.46.
Insider Activity at Axos Financial
In related news, EVP Andrew J. Micheletti sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $48.02, for a total value of $480,200.00. Following the completion of the sale, the executive vice president now owns 514,689 shares of the company’s stock, valued at $24,715,365.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mosich Nick purchased 2,862 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $34.00 per share, with a total value of $97,308.00. Following the completion of the acquisition, the director now directly owns 80,556 shares in the company, valued at approximately $2,738,904. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 10,000 shares of Axos Financial stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $48.02, for a total transaction of $480,200.00. Following the sale, the executive vice president now directly owns 514,689 shares of the company’s stock, valued at approximately $24,715,365.78. The disclosure for this sale can be found here. 4.81% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday. Raymond James raised their price target on shares of Axos Financial from $44.00 to $47.00 in a research note on Monday. Wedbush raised their price target on shares of Axos Financial from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, January 30th. Keefe, Bruyette & Woods cut their price target on shares of Axos Financial from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Finally, Piper Sandler raised their price target on shares of Axos Financial from $43.00 to $48.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.67.
Axos Financial Profile
Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.
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