R Squared Ltd Buys New Holdings in Axos Financial, Inc. (NYSE:AX)

R Squared Ltd purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 940 shares of the company’s stock, valued at approximately $66,000.

A number of other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Axos Financial in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial in the third quarter worth about $41,000. 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. GAMMA Investing LLC grew its position in Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after acquiring an additional 308 shares in the last quarter. Finally, US Bancorp DE increased its stake in Axos Financial by 325.2% during the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after buying an additional 787 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Price Performance

Shares of AX opened at $70.03 on Friday. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The stock’s fifty day moving average is $74.24 and its 200-day moving average is $70.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.41 and a beta of 1.46.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 19.12%. Equities analysts anticipate that Axos Financial, Inc. will post 7.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday. Finally, DA Davidson cut their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.17.

Insider Activity at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

Axos Financial 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.