Farringdon Capital Ltd. acquired a new stake in shares of Axos Financial, Inc. (NYSE:AX – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,357 shares of the company’s stock, valued at approximately $374,000.
A number of other large investors have also bought and sold shares of AX. MML Investors Services LLC bought a new position in shares of Axos Financial during the 3rd quarter worth $212,000. Barclays PLC lifted its holdings in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after purchasing an additional 35,087 shares during the last quarter. Geode Capital Management LLC boosted its position in Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares during the period. Virtu Financial LLC purchased a new position in shares of Axos Financial in the third quarter worth about $277,000. Finally, Sanctuary Advisors LLC raised its position in shares of Axos Financial by 98.8% in the third quarter. Sanctuary Advisors LLC now owns 20,631 shares of the company’s stock valued at $1,297,000 after purchasing an additional 10,252 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Axos Financial
In other news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, the director now directly owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 5.07% of the stock is currently owned by company insiders.
Axos Financial Trading Up 1.9 %
Axos Financial (NYSE:AX – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AX shares. Keefe, Bruyette & Woods cut their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. DA Davidson cut 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. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.
Get Our Latest Stock Report on AX
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.
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