GAMMA Investing LLC Acquires 126 Shares of AXOS FINANCIAL, INC $AX

GAMMA Investing LLC boosted its holdings in shares of AXOS FINANCIAL, INC (NYSE:AX) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,960 shares of the company’s stock after buying an additional 126 shares during the quarter. GAMMA Investing LLC’s holdings in AXOS FINANCIAL were worth $149,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in AXOS FINANCIAL by 94.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company’s stock valued at $517,000 after buying an additional 3,901 shares during the period. Envestnet Asset Management Inc. grew its position in AXOS FINANCIAL by 16.0% during the first quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company’s stock valued at $3,252,000 after buying an additional 6,957 shares during the period. SG Americas Securities LLC bought a new stake in AXOS FINANCIAL during the first quarter valued at approximately $750,000. Militia Capital Partners LP lifted its holdings in AXOS FINANCIAL by 825.0% during the first quarter. Militia Capital Partners LP now owns 111,000 shares of the company’s stock valued at $7,162,000 after purchasing an additional 99,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of AXOS FINANCIAL by 40.5% in the first quarter. PNC Financial Services Group Inc. now owns 7,043 shares of the company’s stock worth $454,000 after purchasing an additional 2,031 shares during the period. 83.79% of the stock is currently owned by institutional investors.

AXOS FINANCIAL Trading Down 1.4%

Shares of AX opened at $86.18 on Tuesday. AXOS FINANCIAL, INC has a twelve month low of $54.46 and a twelve month high of $93.84. The company has a market cap of $4.88 billion, a P/E ratio of 11.55 and a beta of 1.32. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $88.18 and its 200-day simple moving average is $76.13.

AXOS FINANCIAL (NYSE:AX) last announced its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.12. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business had revenue of $321.45 million for the quarter, compared to the consensus estimate of $311.73 million. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts expect that AXOS FINANCIAL, INC will post 7.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC upped their price target on shares of AXOS FINANCIAL from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen upgraded shares of AXOS FINANCIAL from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods upped their price target on shares of AXOS FINANCIAL from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday. DA Davidson upped their price target on shares of AXOS FINANCIAL from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price target (up from $95.00) on shares of AXOS FINANCIAL in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.83.

Insider Buying and Selling at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the sale, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president owned 23 shares in the company, valued at approximately $2,073.22. The trade was a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.85% of the company’s stock.

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.