Axos Financial, Inc. (NYSE:AX) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,510 shares of the company’s stock after acquiring an additional 591 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Axos Financial were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new position in shares of Axos Financial in the 2nd quarter worth approximately $25,000. EntryPoint Capital LLC raised its position in Axos Financial by 816.7% in the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in Axos Financial during the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial during the third quarter worth $41,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Down 2.6 %

NYSE AX opened at $84.37 on Wednesday. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $88.46. The firm has a 50 day moving average of $69.34 and a two-hundred day moving average of $64.50. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.82 billion, a PE ratio of 10.21 and a beta of 1.38.

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

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The shares were 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 directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,199 shares of company stock worth $10,882,135. 5.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AX has been the topic of several research reports. Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC upped their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.80.

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.