Swiss National Bank Increases Stake in Axos Financial, Inc. (NYSE:AX)

The Swiss National Bank has raised its stake in Axos Financial, Inc. (NYSE:AX – Free Report) by 0.7% during the fourth quarter, as detailed in its latest 13F filing with the Securities and Exchange Commission (SEC). Following this adjustment, the bank holds 106,400 shares of Axos Financial, having acquired an additional 700 shares over the quarter. As of the end of this quarter, the total value of the Swiss National Bank's investment in Axos Financial was reported to be approximately $7,432,000.

In addition to the Swiss National Bank, a number of other hedge funds and institutional investors have recently modified their positions in Axos Financial. For instance, Hancock Whitney Corp increased its holdings by 1.3% in the third quarter, bringing its total to 10,931 shares valued at $687,000 after acquiring 142 shares. The Illinois Municipal Retirement Fund raised its stake by 0.7% in the fourth quarter to own 29,916 shares valued at about $2,090,000, gaining 196 additional shares during this period.

Furthermore, Versor Investments LP added 5.3% to its holdings in Axos Financial, now owning 4,000 shares valued at $279,000 after purchasing 200 shares. Y Intercept Hong Kong Ltd also increased its stake by 2.0%, acquiring 266 shares to own a total of 13,567 shares worth $948,000. Moreover, the New York State Teachers Retirement System added 0.7% to its holdings, reaching 43,126 shares worth $3,012,000 after buying 279 additional shares. Overall, hedge funds and institutional investors now collectively own approximately 83.79% of Axos Financial stock.

Insider Transactions at Axos Financial

In developments concerning insider trading, Sara Wardell-Smith, a director at Axos Financial, purchased 3,000 shares of the company's stock on March 4. This acquisition, priced at an average of $64.73 per share, totaled $194,190. After this purchase, the director owns 10,250 shares with an estimated value of around $663,482.50, reflecting a 41.38% increase in their ownership. This transaction has been disclosed through a filing with the SEC, highlighting that corporate insiders currently own about 5.07% of Axos Financial stock.

Analysts' Perspectives on Axos Financial

Axos Financial has been subject to various analyst reports in recent months. DA Davidson has notably reduced their price target for Axos Financial from $96.00 to $88.00 while maintaining a “buy” rating. Meanwhile, Raymond James reiterated an “outperform” rating and adjusted their target price upwards to $80.00, from a previous $75.00. Similarly, Keefe, Bruyette & Woods decreased their target price from $91.00 to $90.00 while keeping a “market perform” rating. On the other hand, Needham & Company LLC raised their target price from $85.00 to $88.00, assigning a “buy” rating. StockNews.com also upgraded Axos Financial from a “sell” to a “hold” rating in a report published on December 9, with a consensus indicating that three analysts recommend holding shares while four have given it a buy rating. Based on data from MarketBeat, the stock carries an average rating of “Moderate Buy” with a price target of $84.17.

Performance of Axos Financial Stock

On Friday, shares of Axos Financial opened at $64.02. The stock’s 50-day moving average is $68.12, and its 200-day moving average stands at $69.99. Axos Financial boasts a market capitalization of $3.66 billion, a PE ratio of 8.60, and a beta of 1.45. The company has reported a debt-to-equity ratio of 0.20, with both quick and current ratios of 1.09. Over the past year, Axos Financial stock has reached a low of $44.10 and a high of $88.46.

In its most recent quarterly earnings report on January 28, the company announced an EPS of $1.82, surpassing analysts' expectations of $1.75 by $0.07. Axos Financial reported a return on equity of 18.67% and a net margin of 22.10%. Analysts now project that Axos Financial, Inc. will achieve earnings of around $7.22 EPS in the current fiscal year.

About Axos Financial, Inc.

Free Report

Axos Financial, Inc. operates in the United States and offers a range of consumer and business banking products through its subsidiaries. The company is structured into two main segments: the Banking Business and the Securities Business. Axos Financial provides various deposits solutions, including checking, savings, time deposits, money market, and zero balance accounts.

Axos, Investment, Finance