Wealth Enhancement Advisory Services LLC Has $888,000 Stock Holdings in AXOS FINANCIAL, INC $AX

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AXOS FINANCIAL, INC (NYSE:AX) by 32.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,586 shares of the company’s stock after buying an additional 2,569 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in AXOS FINANCIAL were worth $888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Pallas Capital Advisors LLC raised its holdings in shares of AXOS FINANCIAL by 16.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 4,370 shares of the company’s stock valued at $332,000 after purchasing an additional 602 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of AXOS FINANCIAL by 16.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,960 shares of the company’s stock valued at $2,886,000 after purchasing an additional 5,360 shares during the period. Militia Capital Partners LP raised its holdings in shares of AXOS FINANCIAL by 825.0% in the 1st 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 during the period. Strs Ohio bought a new stake in shares of AXOS FINANCIAL in the 1st quarter valued at about $194,000. Finally, Intech Investment Management LLC raised its holdings in shares of AXOS FINANCIAL by 6.8% in the 1st quarter. Intech Investment Management LLC now owns 42,145 shares of the company’s stock valued at $2,719,000 after purchasing an additional 2,678 shares during the period. 83.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

AXOS FINANCIAL Stock Up 0.7%

Shares of AX opened at $84.13 on Friday. AXOS FINANCIAL, INC has a 12 month low of $54.46 and a 12 month high of $93.84. The firm’s 50 day moving average is $88.12 and its 200-day moving average is $76.38. The stock has a market capitalization of $4.76 billion, a PE ratio of 11.28 and a beta of 1.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

AXOS FINANCIAL (NYSE:AX) last announced its earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping 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 company had revenue of $321.45 million for the quarter, compared to analysts’ expectations of $311.73 million. During the same period last year, the firm earned $1.83 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts forecast that AXOS FINANCIAL, INC will post 7.22 EPS for the current year.

Insider Activity at AXOS FINANCIAL

In related news, EVP Andrew J. Micheletti sold 13,960 shares of AXOS FINANCIAL stock in a transaction that occurred 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 transaction, the executive vice president directly owned 67,460 shares of the company’s stock, valued at $5,759,734.80. This trade represents a 17.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Candace L. Thiele sold 700 shares of AXOS FINANCIAL stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 directly owned 23 shares in the company, valued at $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.85% of the stock is currently owned by company insiders.

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.