Xponance Inc. Purchases Shares of 5,586 Axos Financial, Inc. (NYSE:AX)

Xponance Inc. purchased a new stake in Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,586 shares of the company’s stock, valued at approximately $305,000.

Several other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Axos Financial by 12.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,429 shares of the company’s stock valued at $569,000 after purchasing an additional 1,124 shares during the period. Cornercap Investment Counsel Inc. raised its position in shares of Axos Financial by 1.5% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 28,111 shares of the company’s stock valued at $1,535,000 after buying an additional 408 shares in the last quarter. Strs Ohio raised its position in shares of Axos Financial by 220.0% during the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after buying an additional 1,100 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Axos Financial during the 4th quarter valued at $1,403,000. Finally, Cerity Partners LLC purchased a new stake in shares of Axos Financial during the 4th quarter valued at $260,000. 83.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush raised their price objective on shares of Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Raymond James raised their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st.

Axos Financial Price Performance

Shares of NYSE:AX opened at $53.05 on Friday. The stock has a market cap of $3.02 billion, a PE ratio of 7.82 and a beta of 1.44. The company’s fifty day moving average is $51.41 and its 200 day moving average is $48.21. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.21. The company had revenue of $352.74 million for the quarter, compared to analysts’ expectations of $247.43 million. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The firm’s revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. Research analysts anticipate that Axos Financial, Inc. will post 6.45 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $248,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sara Wardell-Smith purchased 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is owned by corporate insiders.

Axos Financial Company 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.