Virtu Financial LLC Makes New $277,000 Investment in Axos Financial, Inc. (NYSE:AX)

Virtu Financial LLC acquired a new stake in Axos Financial, Inc. (NYSE:AX) in the third quarter, Holdings Channel.com reports. The firm acquired 4,413 shares of the company’s stock, valued at approximately $277,000.

Several other large investors have also made changes to their positions in AX. Kathleen S. Wright Associates Inc. purchased a new position in Axos Financial in the 3rd quarter valued at about $27,000. Hollencrest Capital Management purchased a new position in shares of Axos Financial in the second quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted 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 worth $41,000 after acquiring an additional 582 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial during the third quarter worth approximately $41,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Axos Financial in the 2nd quarter valued at $49,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The transaction 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 stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Price Performance

Shares of AX stock opened at $77.10 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $4.40 billion, a PE ratio of 9.33 and a beta of 1.42. The firm’s 50-day moving average is $74.64 and its two-hundred day moving average is $66.83. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the prior year, the firm posted $1.41 earnings per share. Analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Wedbush dropped 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. Needham & Company LLC raised their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods upped their price target on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.20.

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.