Militia Capital Management LLC Purchases New Position in Axos Financial, Inc $AX

Militia Capital Management LLC purchased a new stake in Axos Financial, Inc (NYSE:AX) during the first quarter, HoldingsChannel.com reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $8,509,000. Axos Financial makes up approximately 1.9% of Militia Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Axos Financial by 0.5% in the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after acquiring an additional 13,669 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Axos Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after purchasing an additional 7,509 shares in the last quarter. Geode Capital Management LLC boosted its stake in Axos Financial by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Axos Financial by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock worth $62,171,000 after purchasing an additional 52,250 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AX shares. Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Benchmark assumed coverage on Axos Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $115.00 price objective on the stock. Finally, Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $110.33.

Axos Financial Stock Performance

Axos Financial stock opened at $96.93 on Thursday. 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 $74.89 and a 1 year high of $102.18. The company has a market cap of $5.51 billion, a PE ratio of 11.78 and a beta of 1.23. The company’s 50-day moving average is $91.57 and its two-hundred day moving average is $91.51.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The business had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same quarter in the prior year, the firm earned $1.81 EPS. Equities analysts anticipate that Axos Financial, Inc will post 8.38 earnings per share for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the sale, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. The trade was a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.85% of the company’s stock.

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.