Intech Investment Management LLC Purchases 12,026 Shares of Axos Financial, Inc. (NYSE:AX)

Intech Investment Management LLC increased its position in Axos Financial, Inc. (NYSE:AX) by 43.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,467 shares of the company’s stock after purchasing an additional 12,026 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Axos Financial worth $2,757,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP lifted its stake in Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after acquiring an additional 292,952 shares in the last quarter. Raymond James Financial Inc. bought a new position in Axos Financial during the 4th quarter valued at $16,464,000. State Street Corp lifted its stake in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after acquiring an additional 164,997 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Axos Financial during the 4th quarter valued at $9,849,000. Finally, Geode Capital Management LLC lifted its stake in Axos Financial by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after acquiring an additional 91,797 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Up 1.3 %

Shares of AX opened at $64.23 on Thursday. The business has a 50-day moving average of $68.27 and a 200 day moving average of $70.05. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a market cap of $3.67 billion, a P/E ratio of 8.63 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

AX has been the topic of several recent analyst reports. DA Davidson dropped their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lowered their target price on 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.07% of the stock is currently owned by insiders.

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.