Hsbc Holdings PLC Purchases 111,080 Shares of Axos Financial, Inc. (NYSE:AX)

Hsbc Holdings PLC raised its position in shares of Axos Financial, Inc. (NYSE:AX) by 1,619.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,940 shares of the company’s stock after purchasing an additional 111,080 shares during the period. Hsbc Holdings PLC owned about 0.21% of Axos Financial worth $8,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AX. Barclays PLC raised its position in shares of Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Axos Financial in the 3rd quarter worth $277,000. World Investment Advisors LLC bought a new position in shares of Axos Financial in the 3rd quarter worth $221,000. Principal Financial Group Inc. raised its position in shares of Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after acquiring an additional 70,017 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Axos Financial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after acquiring an additional 32,095 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.07% of the company’s stock.

Axos Financial Stock Down 0.0 %

Axos Financial stock opened at $62.72 on Tuesday. 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 business’s 50-day simple moving average is $62.67 and its two-hundred day simple moving average is $69.60. The company has a market cap of $3.58 billion, a PE ratio of 8.43 and a beta of 1.33. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

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, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. DA Davidson dropped their target price 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. 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 note on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on 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. Finally, Needham & Company LLC boosted 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial 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.