Raymond James Trust N.A. Takes $205,000 Position in Axos Financial, Inc. (NYSE:AX)

Raymond James Trust N.A. acquired a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,756 shares of the company’s stock, valued at approximately $205,000.

Several other large investors also recently made changes to their positions in the business. Qube Research & Technologies Ltd lifted its position in shares of Axos Financial by 80.3% in the third quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock worth $5,401,000 after purchasing an additional 63,523 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Axos Financial by 9.7% in the third quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock worth $24,308,000 after purchasing an additional 56,634 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Axos Financial in the third quarter worth approximately $1,225,000. Federated Hermes Inc. lifted its position in shares of Axos Financial by 960,400.0% in the third quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock worth $1,818,000 after purchasing an additional 48,020 shares in the last quarter. Finally, Toroso Investments LLC lifted its position in shares of Axos Financial by 87.1% in the third quarter. Toroso Investments LLC now owns 59,012 shares of the company’s stock worth $2,234,000 after purchasing an additional 27,469 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AX shares. Wedbush increased their price objective on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. TheStreet upgraded Axos Financial from a “c+” rating to a “b-” rating in a report on Monday, December 4th. Raymond James increased their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $61.25.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the sale, the executive vice president now owns 427,535 shares in the company, valued at $22,047,979.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the transaction, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by corporate insiders.

Axos Financial Trading Up 2.5 %

Shares of AX stock opened at $53.31 on Thursday. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $52.51 and its two-hundred day moving average is $46.40. The company has a market cap of $3.03 billion, a PE ratio of 7.86 and a beta of 1.43.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The company had revenue of $352.74 million for the quarter, compared to the consensus estimate of $247.43 million. During the same quarter last year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. Equities analysts predict that Axos Financial, Inc. will post 6.47 EPS for the current 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.