Pembroke Management LTD Raises Holdings in Axos Financial, Inc. (NYSE:AX)

Pembroke Management LTD grew its stake in shares of Axos Financial, Inc. (NYSE:AX) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,290 shares of the company’s stock after acquiring an additional 18,380 shares during the quarter. Axos Financial comprises approximately 2.3% of Pembroke Management LTD’s investment portfolio, making the stock its 19th largest holding. Pembroke Management LTD owned about 0.45% of Axos Financial worth $18,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp increased 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 valued at $199,877,000 after purchasing an additional 164,997 shares during the period. Geode Capital Management LLC boosted its position in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the last quarter. Wasatch Advisors LP increased its holdings 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 buying an additional 292,952 shares during the period. Geneva Capital Management LLC raised its position in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after buying an additional 1,976 shares during the last quarter. Finally, Emerald Advisers LLC lifted its stake in Axos Financial by 14.4% during the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after acquiring an additional 63,458 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Down 0.6 %

Shares of AX stock opened at $69.91 on Tuesday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a market capitalization of $3.99 billion, a P/E ratio of 9.40 and a beta of 1.45. The stock’s fifty day moving average is $71.79 and its two-hundred day moving average is $70.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last posted 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%. Research analysts expect that Axos Financial, Inc. will post 7.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AX. DA Davidson cut their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Needham & Company LLC increased their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

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.