AQR Capital Management LLC Increases Holdings in Axos Financial, Inc. (NYSE:AX)

AQR Capital Management LLC boosted its position in Axos Financial, Inc. (NYSE:AX) by 24.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,139 shares of the company’s stock after purchasing an additional 24,396 shares during the period. AQR Capital Management LLC’s holdings in Axos Financial were worth $8,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AX. Northern Trust Corp raised its position in Axos Financial by 4.7% during the fourth quarter. Northern Trust Corp now owns 742,837 shares of the company’s stock worth $51,887,000 after acquiring an additional 33,207 shares during the last quarter. Aquatic Capital Management LLC raised its position in shares of Axos Financial by 43.3% during the 4th quarter. Aquatic Capital Management LLC now owns 16,906 shares of the company’s stock worth $1,181,000 after purchasing an additional 5,106 shares during the last quarter. Hancock Whitney Corp lifted its stake in Axos Financial by 2.5% in the 4th quarter. Hancock Whitney Corp now owns 11,202 shares of the company’s stock valued at $782,000 after buying an additional 271 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Axos Financial by 11.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,075 shares of the company’s stock valued at $2,730,000 after buying an additional 3,861 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Axos Financial by 1,619.2% during the fourth quarter. Hsbc Holdings PLC now owns 117,940 shares of the company’s stock worth $8,269,000 after buying an additional 111,080 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Trading Down 0.6 %

NYSE AX opened at $67.30 on Wednesday. The company has a 50-day moving average of $62.61 and a 200-day moving average of $69.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a market cap of $3.79 billion, a P/E ratio of 9.05 and a beta of 1.25.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.07. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter last year, the firm posted $1.91 earnings per share. As a group, equities analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling

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 bought at an average cost 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. The trade was a 41.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AX. Piper Sandler reduced their price objective on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. DA Davidson lowered their price target on shares of Axos Financial from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Raymond James reaffirmed an “outperform” rating and issued a $72.00 target price (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Axos Financial Company 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.