Geode Capital Management LLC Purchases 62,269 Shares of Axos Financial, Inc $AX

Geode Capital Management LLC grew its position in shares of Axos Financial, Inc (NYSE:AX) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,775,539 shares of the company’s stock after acquiring an additional 62,269 shares during the quarter. Geode Capital Management LLC’s holdings in Axos Financial were worth $154,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AX. Franklin Resources Inc. increased its holdings in shares of Axos Financial by 198.0% during the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after acquiring an additional 275,191 shares in the last quarter. UBS Group AG boosted its position in shares of Axos Financial by 65.7% during the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock valued at $22,628,000 after buying an additional 106,003 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Axos Financial during the second quarter valued at approximately $6,252,000. Wellington Management Group LLP boosted its position in shares of Axos Financial by 18.1% during the third quarter. Wellington Management Group LLP now owns 445,412 shares of the company’s stock valued at $37,704,000 after buying an additional 68,346 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Axos Financial by 34.6% during the second quarter. AQR Capital Management LLC now owns 235,766 shares of the company’s stock valued at $17,928,000 after buying an additional 60,620 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Down 3.5%

AX stock opened at $84.68 on Thursday. The stock’s fifty day simple moving average is $89.15 and its two-hundred day simple moving average is $89.05. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. Axos Financial, Inc has a 1-year low of $69.19 and a 1-year high of $101.92. The stock has a market cap of $4.82 billion, a P/E ratio of 10.29 and a beta of 1.24.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to the consensus estimate of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Analysts expect that Axos Financial, Inc will post 8.57 EPS for the current year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the sale, the executive vice president directly owned 4,592 shares in the company, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director owned 7,646 shares in the company, valued at approximately $671,089.42. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Monday, March 16th. Weiss Ratings cut Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $109.40.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.