Ashton Thomas Securities LLC Acquires New Holdings in Axos Financial, Inc. (NYSE:AX)

Ashton Thomas Securities LLC bought a new stake in Axos Financial, Inc. (NYSE:AX) in the third quarter, Holdings Channel reports. The fund bought 653 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Axos Financial in the second quarter valued at approximately $25,000. EntryPoint Capital LLC boosted its stake in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial during the 3rd quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Axos Financial by 122.5% in the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after buying an additional 496 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of AX opened at $81.79 on Thursday. The company has a market capitalization of $4.67 billion, a PE ratio of 9.90 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $66.38 and its 200 day moving average price is $63.06. Axos Financial, Inc. has a 52 week low of $34.99 and a 52 week high of $85.54.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the previous year, the company posted $1.41 EPS. Research analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This trade represents a 0.00 % 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.

Analysts Set New Price Targets

A number of brokerages have weighed in on AX. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Wedbush reduced their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Raymond James boosted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler lifted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $79.80.

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.