Mutual Advisors LLC Invests $238,000 in Axos Financial, Inc. (NYSE:AX)

Mutual Advisors LLC purchased a new position in Axos Financial, Inc. (NYSE:AXFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,356 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors also recently made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in shares of Axos Financial in the third quarter worth $30,000. Avior Wealth Management LLC grew its position in shares of Axos Financial by 102.5% in the third quarter. Avior Wealth Management LLC now owns 810 shares of the company’s stock valued at $31,000 after purchasing an additional 410 shares during the period. Ronald Blue Trust Inc. grew its position in shares of Axos Financial by 268.0% in the third quarter. Ronald Blue Trust Inc. now owns 942 shares of the company’s stock valued at $37,000 after purchasing an additional 686 shares during the period. State of Wyoming grew its position in shares of Axos Financial by 50.0% in the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock valued at $43,000 after purchasing an additional 377 shares during the period. Finally, Quarry LP grew its position in shares of Axos Financial by 51.6% in the first quarter. Quarry LP now owns 1,252 shares of the company’s stock valued at $46,000 after purchasing an additional 426 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Price Performance

AX stock opened at $54.04 on Friday. The stock has a 50-day moving average price of $52.56 and a two-hundred day moving average price of $46.55. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $60.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.07 billion, a PE ratio of 7.97 and a beta of 1.43.

Axos Financial (NYSE:AXGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The firm had revenue of $352.74 million during the quarter, compared to the consensus estimate of $247.43 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, research analysts predict that Axos Financial, Inc. will post 6.49 EPS for the current year.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the sale, the executive vice president now owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the sale, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Company insiders own 4.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Wedbush lifted their price objective on Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. TheStreet raised Axos Financial from a “c+” rating to a “b-” rating in a research report on Monday, December 4th. Finally, Raymond James boosted their price target on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

View Our Latest Stock Report on Axos Financial

About Axos Financial

(Free Report)

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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Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial, Inc. (NYSE:AXFree Report).

Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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