Raymond James Trust N.A. Purchases New Holdings in Axos Financial, Inc. (NYSE:AX)

Raymond James Trust N.A. acquired a new stake in Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,659 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Geneva Capital Management LLC lifted its stake in Axos Financial by 0.3% during the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after purchasing an additional 1,976 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after purchasing an additional 63,458 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Axos Financial by 10.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock valued at $26,564,000 after purchasing an additional 40,184 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of recent analyst reports. Wedbush decreased their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. StockNews.com cut shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC upped their price target on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.80.

Axos Financial Price Performance

AX stock opened at $83.78 on Friday. The company has a market capitalization of $4.78 billion, a P/E ratio of 10.14 and a beta of 1.38. The company has a fifty day moving average price of $70.06 and a 200-day moving average price of $64.81. 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 $36.93 and a 52-week high of $88.46.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the previous year, the business earned $1.41 EPS. As a group, equities analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock worth $10,882,135 over the last ninety days. Insiders own 5.07% of the company’s stock.

About Axos Financial

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.