Csenge Advisory Group Acquires Shares of 11,370 Axos Financial, Inc $AX

Csenge Advisory Group bought a new stake in shares of Axos Financial, Inc (NYSE:AX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,370 shares of the company’s stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC bought a new position in shares of Axos Financial in the 2nd quarter worth about $2,350,000. Great Lakes Advisors LLC purchased a new position in Axos Financial during the 2nd quarter valued at about $999,000. BlackRock Inc. bought a new stake in Axos Financial during the second quarter worth about $817,051,000. Pallas Capital Advisors LLC bought a new stake in Axos Financial during the second quarter worth about $413,000. Finally, Deutsche Bank AG purchased a new stake in Axos Financial in the second quarter worth about $5,628,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on AX shares. Needham & Company LLC raised their target price on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. DA Davidson set a $121.00 price target on Axos Financial in a research report on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Finally, Benchmark lifted their price objective on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.67.

Insider Buying and Selling at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.85% of the stock is owned by company insiders.

Axos Financial Stock Performance

Shares of AX stock opened at $96.14 on Thursday. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 11.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74. The company’s 50-day moving average is $96.92 and its 200 day moving average is $92.52.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. The business had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same period in the previous year, the company earned $1.94 earnings per share. Sell-side analysts expect that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Axos Financial Company Profile

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.