Great Lakes Advisors LLC Makes New $564,000 Investment in Axos Financial, Inc. (NYSE:AX)

Great Lakes Advisors LLC acquired a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,331 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Axos Financial by 20.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,305 shares of the company’s stock worth $352,000 after acquiring an additional 1,587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Axos Financial by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock worth $959,000 after purchasing an additional 392 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Axos Financial by 59.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 39,975 shares of the company’s stock valued at $1,513,000 after purchasing an additional 14,921 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Axos Financial during the 3rd quarter valued at $1,173,000. Finally, Van Hulzen Asset Management LLC lifted its stake in shares of Axos Financial by 40.1% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 31,650 shares of the company’s stock valued at $1,198,000 after buying an additional 9,056 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 target price (up previously from $77.00) on shares of Axos Financial in a research report on Thursday, May 2nd. Piper Sandler boosted their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Axos Financial in a report on Wednesday, May 1st. Finally, Raymond James lifted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $60.61 on Thursday. The firm has a market cap of $3.45 billion, a PE ratio of 8.22 and a beta of 1.42. The stock has a 50 day moving average of $54.08 and a 200 day moving average of $51.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $63.00.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The firm had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same period in the prior year, the company earned $1.35 EPS. On average, research analysts expect that Axos Financial, Inc. will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the sale, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction that occurred 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 owns 422,583 shares in the company, valued at approximately $22,350,414.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sara Wardell-Smith bought 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is owned by company insiders.

Axos Financial Company 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.