Geode Capital Management LLC Purchases 91,797 Shares of Axos Financial, Inc. (NYSE:AX)

Geode Capital Management LLC boosted its position in Axos Financial, Inc. (NYSE:AX) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,444,756 shares of the company’s stock after acquiring an additional 91,797 shares during the period. Geode Capital Management LLC owned 2.53% of Axos Financial worth $90,861,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AX. State Street Corp boosted its holdings in shares of Axos Financial by 5.5% in the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares during the period. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 321,494 shares in the last quarter. Wasatch Advisors LP boosted its stake in Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after purchasing an additional 292,952 shares during the period. Geneva Capital Management LLC grew its holdings in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after buying an additional 1,976 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in shares of Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after buying an additional 63,458 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wedbush lowered their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Needham & Company LLC lifted their target price on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.20.

Axos Financial Stock Performance

NYSE:AX opened at $71.12 on Friday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.61 and a beta of 1.42. The business has a 50 day moving average of $75.20 and a 200 day moving average of $67.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same period in the previous year, the business posted $1.41 EPS. On average, sell-side analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

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.