Sei Investments Co. Grows Position in Axos Financial, Inc. (NYSE:AX)

Sei Investments Co. increased its position in Axos Financial, Inc. (NYSE:AX) by 25.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 88,518 shares of the company’s stock after purchasing an additional 18,013 shares during the period. Sei Investments Co.’s holdings in Axos Financial were worth $6,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares during the last quarter. Barclays PLC raised its holdings in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after acquiring an additional 35,087 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after acquiring an additional 17,201 shares during the period. Assenagon Asset Management S.A. bought a new stake in Axos Financial in the fourth quarter valued at $9,849,000. Finally, Empowered Funds LLC increased its position in Axos Financial by 28.2% during the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock valued at $1,139,000 after purchasing an additional 3,588 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Insider Activity at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Finally, DA Davidson reduced their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Stock Performance

Shares of AX opened at $64.64 on Tuesday. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.69 billion, a P/E ratio of 8.69 and a beta of 1.45. The business’s 50 day moving average price is $67.51 and its 200-day moving average price is $70.10.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

About Axos Financial

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.