Advantage Alpha Capital Partners LP Buys 961 Shares of Axos Financial, Inc. (NYSE:AX)

Advantage Alpha Capital Partners LP lifted its stake in Axos Financial, Inc. (NYSE:AX) by 12.8% during the fourth quarter, Holdings Channel reports. The fund owned 8,471 shares of the company’s stock after acquiring an additional 961 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Axos Financial were worth $592,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AX. Vanguard Group Inc. boosted its holdings in Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock valued at $428,153,000 after acquiring an additional 49,695 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Axos Financial during the 4th quarter valued at approximately $1,055,000. Sei Investments Co. lifted its holdings in shares of Axos Financial by 25.5% during the fourth quarter. Sei Investments Co. now owns 88,518 shares of the company’s stock worth $6,183,000 after buying an additional 18,013 shares during the last quarter. American Century Companies Inc. increased its position in Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock worth $130,953,000 after acquiring an additional 163,952 shares during the period. Finally, Virtu Financial LLC increased its holdings in shares of Axos Financial by 19.2% during the 4th quarter. Virtu Financial LLC now owns 5,259 shares of the company’s stock worth $367,000 after purchasing an additional 846 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Up 4.5 %

Shares of NYSE:AX opened at $67.11 on Tuesday. The company’s fifty day moving average is $68.13 and its 200-day moving average is $70.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a market capitalization of $3.83 billion, a PE ratio of 9.02 and a beta of 1.45.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the topic of several research reports. Needham & Company LLC boosted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods decreased their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Raymond James restated an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, DA Davidson decreased their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.07% of the stock is owned by company insiders.

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.