Kennedy Capital Management LLC Buys 33,854 Shares of Axos Financial, Inc $AX

Kennedy Capital Management LLC increased its stake in Axos Financial, Inc (NYSE:AX) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,935 shares of the company’s stock after buying an additional 33,854 shares during the period. Axos Financial accounts for 0.6% of Kennedy Capital Management LLC’s portfolio, making the stock its 23rd largest position. Kennedy Capital Management LLC’s holdings in Axos Financial were worth $26,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in Axos Financial in the fourth quarter worth about $26,000. Basepoint Wealth LLC bought a new position in shares of Axos Financial during the fourth quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in shares of Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial during the third quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Michael James Watson sold 1,653 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the sale, the executive vice president owned 4,592 shares in the company, valued at $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roque A. Santi sold 500 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the sale, the director owned 7,646 shares in the company, valued at approximately $671,089.42. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 1.0%

NYSE:AX opened at $90.21 on Friday. The company’s 50 day moving average price is $89.69 and its 200-day moving average price is $89.51. Axos Financial, Inc has a 52 week low of $69.25 and a 52 week high of $101.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 10.96 and a beta of 1.24.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The firm had revenue of $392.25 million for the quarter, compared to analysts’ expectations of $372.51 million. During the same quarter in the previous year, the company earned $1.81 EPS. On average, equities research analysts forecast that Axos Financial, Inc will post 8.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the subject of a number of analyst reports. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.40.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.