Inspire Investing LLC Acquires New Position in Axos Financial, Inc. (NYSE:AX)

Inspire Investing LLC purchased a new stake in Axos Financial, Inc. (NYSE:AX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,662 shares of the company’s stock, valued at approximately $796,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AX. Hollencrest Capital Management bought a new position in Axos Financial during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Axos Financial in the 4th quarter valued at approximately $26,000. EntryPoint Capital LLC increased its stake in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in Axos Financial during the 1st quarter worth approximately $27,000. Finally, 1620 Investment Advisors Inc. bought a new position in Axos Financial in the second quarter valued at approximately $49,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Performance

NYSE AX opened at $64.94 on Tuesday. The firm’s fifty day moving average price is $64.31 and its two-hundred day moving average price is $60.12. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $79.15. The firm has a market capitalization of $3.70 billion, a P/E ratio of 8.81 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting analysts’ consensus estimates of $1.80. The business had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same quarter last year, the company posted $1.50 earnings per share. As a group, research analysts anticipate that Axos Financial, Inc. will post 7.12 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AX. Piper Sandler boosted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Raymond James increased their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research note on Wednesday, July 31st. Finally, Needham & Company LLC assumed coverage on shares of Axos Financial in a research report on Friday. They issued a “buy” rating and a $82.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.20.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.82% of the stock is owned by 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.