Cerity Partners LLC Invests $260,000 in Axos Financial, Inc. (NYSE:AX)

Cerity Partners LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, Holdings Channel reports. The fund purchased 4,755 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors have also modified their holdings of the company. Davis Asset Management L.P. grew its position in shares of Axos Financial by 5.3% during the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock worth $56,790,000 after acquiring an additional 75,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in Axos Financial by 152.8% in the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock worth $52,842,000 after purchasing an additional 843,606 shares during the period. Ameriprise Financial Inc. lifted its holdings in Axos Financial by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock worth $52,119,000 after purchasing an additional 74,649 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Axos Financial by 9.7% in the third quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock worth $24,308,000 after purchasing an additional 56,634 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Axos Financial by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 602,675 shares of the company’s stock worth $22,817,000 after purchasing an additional 22,253 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Axos Financial

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

Axos Financial Price Performance

Shares of NYSE AX opened at $53.05 on Monday. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve 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 capitalization of $3.02 billion, a price-to-earnings ratio of 7.82 and a beta of 1.44. The firm has a 50-day moving average of $51.41 and a two-hundred day moving average of $48.29.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The company had revenue of $352.74 million during the quarter, compared to the consensus estimate of $247.43 million. During the same period in the prior year, the company earned $1.38 EPS. Axos Financial’s revenue was up 54.5% on a year-over-year basis. As a group, analysts expect that Axos Financial, Inc. will post 6.45 earnings per share for the current fiscal year.

About Axos Financial

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.