Sanctuary Advisors LLC lifted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 98.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,631 shares of the company's stock after purchasing an additional 10,252 shares during the period. Sanctuary Advisors LLC's holdings in Axos Financial were worth $1,297,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock valued at $72,610,000 after acquiring an additional 292,952 shares during the last quarter. Millennium Management LLC raised its position in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after acquiring an additional 190,584 shares in the last quarter. State Street Corp lifted its stake in Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after purchasing an additional 164,997 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock valued at $90,861,000 after purchasing an additional 91,797 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.
NYSE AX opened at $71.73 on Friday. The business's 50-day moving average price is $75.41 and its 200 day moving average price is $67.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.10 billion, a P/E ratio of 8.68 and a beta of 1.42. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46.
Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, equities research analysts expect that Axos Financial, Inc. will post 7.07 earnings per share for the current year.
In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.
AX has been the topic of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. Finally, StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.20.
Check Out Our Latest Research Report on AX
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.
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