Barclays PLC Buys 11,397 Shares of Axos Financial, Inc. (NYSE:AX)

Barclays PLC grew its stake in shares of Axos Financial, Inc. (NYSE:AX) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,112 shares of the company’s stock after purchasing an additional 11,397 shares during the period. Barclays PLC owned approximately 0.27% of Axos Financial worth $10,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in shares of Axos Financial in the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of Axos Financial during the 4th quarter valued at $52,000. R Squared Ltd purchased a new stake in shares of Axos Financial in the 4th quarter worth about $66,000. SRS Capital Advisors Inc. lifted its position in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after acquiring an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after acquiring an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Down 1.9 %

Axos Financial stock opened at $59.06 on Tuesday. The business has a 50-day simple moving average of $63.45 and a two-hundred day simple moving average of $69.56. 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 company has a market cap of $3.37 billion, a P/E ratio of 7.94 and a beta of 1.33.

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

Analyst Ratings Changes

AX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Needham & Company LLC increased their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. DA Davidson lowered their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

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.