MetLife Investment Advisors LLC Makes New $694,000 Investment in Axos Financial Inc (NYSE:AX)

MetLife Investment Advisors LLC acquired a new position in Axos Financial Inc (NYSE:AX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,970 shares of the company’s stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AX. Rice Hall James & Associates LLC bought a new stake in shares of Axos Financial during the first quarter valued at approximately $37,270,000. Janus Henderson Group PLC bought a new position in Axos Financial in the first quarter worth approximately $22,750,000. JPMorgan Chase & Co. bought a new position in Axos Financial in the first quarter worth approximately $20,716,000. Shaker Investments LLC OH bought a new position in Axos Financial in the first quarter worth approximately $17,897,000. Finally, Wasatch Advisors Inc. bought a new position in Axos Financial in the first quarter worth approximately $17,727,000. 72.62% of the stock is owned by institutional investors and hedge funds.

Shares of AX traded up $0.10 during mid-day trading on Thursday, hitting $26.52. 221,198 shares of the company were exchanged, compared to its average volume of 383,990. Axos Financial Inc has a 1-year low of $23.87 and a 1-year high of $43.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $27.25. The stock has a market cap of $1.63 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The business had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $158.20 million. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Axos Financial Inc will post 2.73 EPS for the current year.

AX has been the subject of a number of recent research reports. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Compass Point lowered shares of Axos Financial from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Wednesday, May 1st. B. Riley set a $75.00 price target on shares of Comerica and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Axos Financial currently has a consensus rating of “Buy” and an average target price of $38.80.

Axos Financial Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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