Bragg Financial Advisors Inc Grows Position in Axos Financial, Inc. (NYSE:AX)

Bragg Financial Advisors Inc raised its position in Axos Financial, Inc. (NYSE:AX) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,364 shares of the company’s stock after buying an additional 2,028 shares during the quarter. Axos Financial makes up approximately 1.1% of Bragg Financial Advisors Inc’s portfolio, making the stock its 16th biggest position. Bragg Financial Advisors Inc’s holdings in Axos Financial were worth $27,826,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Axos Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock valued at $428,153,000 after purchasing an additional 49,695 shares during the last quarter. American Century Companies Inc. increased its stake in Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after purchasing an additional 163,952 shares during the period. Geode Capital Management LLC raised its holdings in shares of Axos Financial by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company’s stock valued at $103,975,000 after buying an additional 43,503 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Axos Financial by 7.0% during the fourth quarter. Invesco Ltd. now owns 484,561 shares of the company’s stock worth $33,847,000 after buying an additional 31,530 shares during the period. Finally, Boston Partners purchased a new position in shares of Axos Financial during the fourth quarter worth about $29,918,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.07% of the company’s stock.

Axos Financial Trading Up 0.0 %

NYSE:AX opened at $57.20 on Friday. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average price of $64.96 and a two-hundred day moving average price of $69.59. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.69 and a beta of 1.33.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.