Van Hulzen Asset Management LLC Makes New $1.31 Million Investment in Axos Financial, Inc $AX

Van Hulzen Asset Management LLC purchased a new stake in Axos Financial, Inc (NYSE:AX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,424 shares of the company’s stock, valued at approximately $1,307,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fiduciary Financial Advisors acquired a new stake in shares of Axos Financial during the second quarter worth $94,000. Cetera Trust Company N.A bought a new stake in Axos Financial in the 2nd quarter valued at $547,000. Sanctuary Advisors LLC acquired a new position in Axos Financial in the 2nd quarter worth $400,000. Davis Asset Management L.P. acquired a new position in Axos Financial in the 2nd quarter worth $149,515,000. Finally, Foyston Gordon & Payne Inc bought a new position in Axos Financial during the 2nd quarter worth about $514,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AX shares. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. DA Davidson set a $121.00 price objective on Axos Financial in a report on Friday, July 31st. Needham & Company LLC lifted their target price on Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.67.

Axos Financial Stock Performance

Shares of AX opened at $96.88 on Tuesday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.44 and a beta of 1.22. Axos Financial, Inc has a 12 month low of $74.89 and a 12 month high of $105.74. The firm has a fifty day simple moving average of $97.33 and a 200 day simple moving average of $92.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The firm had revenue of $379.77 million for the quarter, compared to analyst estimates of $375.54 million. During the same period in the previous year, the business earned $1.94 EPS. Research analysts forecast that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares of the company’s stock, valued at $752,473.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.85% of the company’s stock.

About Axos Financial

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.