Aviso Financial Inc. Has $756,000 Stock Position in Axos Financial, Inc. (NYSE:AX)

Aviso Financial Inc. lessened its position in shares of Axos Financial, Inc. (NYSE:AX) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,826 shares of the company’s stock after selling 4,682 shares during the quarter. Aviso Financial Inc.’s holdings in Axos Financial were worth $756,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 period. Loomis Sayles & Co. L P raised its stake in shares of Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after buying an additional 39,091 shares during the last quarter. Barclays PLC lifted its holdings in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after buying an additional 35,087 shares during the period. Principal Financial Group Inc. boosted 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 valued at $23,604,000 after acquiring an additional 17,201 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Axos Financial during the 4th quarter worth $9,849,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX opened at $63.94 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $3.65 billion, a PE ratio of 8.59 and a beta of 1.45. The stock has a 50 day simple moving average of $68.76 and a 200 day simple moving average of $70.18. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46.

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, beating 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%. Sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.07% of the company’s stock.

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.