Concurrent Investment Advisors LLC Buys 293 Shares of Axos Financial, Inc $AX

Concurrent Investment Advisors LLC boosted its stake in shares of Axos Financial, Inc (NYSE:AX) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,410 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Axos Financial were worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Axos Financial by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock worth $118,000 after purchasing an additional 516 shares during the period. SG Americas Securities LLC acquired a new stake in Axos Financial during the first quarter worth about $750,000. Wealth Enhancement Advisory Services LLC grew its position in Axos Financial by 94.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company’s stock worth $517,000 after buying an additional 3,901 shares in the last quarter. Moran Wealth Management LLC increased its stake in Axos Financial by 11.7% during the first quarter. Moran Wealth Management LLC now owns 6,195 shares of the company’s stock valued at $400,000 after acquiring an additional 649 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Axos Financial by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 347,799 shares of the company’s stock valued at $22,440,000 after acquiring an additional 9,881 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Candace L. Thiele sold 700 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the sale, the executive vice president directly owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of Axos Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the transaction, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. The trade was a 17.15% decrease in their position. The disclosure for this sale can be found here. 4.85% of the stock is owned by corporate insiders.

Axos Financial Stock Up 1.0%

AX opened at $76.45 on Friday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 10.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $87.37 and its 200-day simple moving average is $77.77. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.12. The firm had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Equities research analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Axos Financial in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Needham & Company LLC increased their price objective on shares of Axos Financial from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, DA Davidson lifted their target price on shares of Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.83.

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.