Mercer Global Advisors Inc. ADV Purchases 3,810 Shares of Axos Financial, Inc. (NYSE:AX)

Mercer Global Advisors Inc. ADV grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,155 shares of the company’s stock after purchasing an additional 3,810 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Axos Financial were worth $639,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AX. Schonfeld Strategic Advisors LLC increased its stake in shares of Axos Financial by 33.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 34,806 shares of the company’s stock valued at $2,431,000 after acquiring an additional 8,807 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Axos Financial by 24.0% in the 4th quarter. AQR Capital Management LLC now owns 126,139 shares of the company’s stock valued at $8,811,000 after acquiring an additional 24,396 shares in the last quarter. Northern Trust Corp increased its stake in shares of Axos Financial by 4.7% in the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company’s stock valued at $51,887,000 after acquiring an additional 33,207 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of Axos Financial by 43.3% in the 4th quarter. Aquatic Capital Management LLC now owns 16,906 shares of the company’s stock valued at $1,181,000 after acquiring an additional 5,106 shares in the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of 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 acquiring an additional 271 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were purchased 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 approximately $663,482.50. This represents a 41.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Grinberg sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Axos Financial Price Performance

AX opened at $68.76 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.25. The firm’s fifty day moving average price is $62.77 and its two-hundred day moving average price is $69.63. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.07. The firm 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 period in the previous year, the firm earned $1.91 EPS. As a group, analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AX. Keefe, Bruyette & Woods lowered 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 research note on Wednesday, January 29th. Piper Sandler lowered their price objective on shares of Axos Financial from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Raymond James restated an “outperform” rating and set a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $88.00 price target on shares of Axos Financial in a research note on Thursday, May 1st. Finally, DA Davidson decreased their price target on shares of Axos Financial from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

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.