Xponance Inc. Acquires Shares of 5,586 Axos Financial, Inc. (NYSE:AX)

Xponance Inc. acquired a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,586 shares of the company’s stock, valued at approximately $305,000.

Several other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd raised its position in Axos Financial by 34.1% during the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after purchasing an additional 331 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Axos Financial by 1.6% during the third quarter. D.A. Davidson & CO. now owns 24,403 shares of the company’s stock worth $924,000 after buying an additional 385 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Axos Financial by 1.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock worth $959,000 after buying an additional 392 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Axos Financial by 1.4% during the third quarter. TD Asset Management Inc now owns 29,377 shares of the company’s stock worth $1,112,000 after buying an additional 404 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of Axos Financial by 1.5% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 28,111 shares of the company’s stock worth $1,535,000 after buying an additional 408 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares in the company, valued at $22,350,414.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the transaction, the executive vice president now owns 427,535 shares in the company, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AX shares. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Wedbush boosted their target price on shares of Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Raymond James boosted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st.

Axos Financial Stock Performance

Shares of AX opened at $53.05 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.02 billion, a P/E ratio of 7.82 and a beta of 1.44. The firm’s fifty day simple moving average is $51.41 and its two-hundred day simple moving average is $48.21. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $60.00.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. The business had revenue of $352.74 million for the quarter, compared to analysts’ expectations of $247.43 million. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. As a group, analysts predict that Axos Financial, Inc. will post 6.45 EPS for the current year.

About Axos Financial

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.