Axos Financial, Inc $AX Shares Acquired by Csenge Advisory Group

Csenge Advisory Group lifted its position in Axos Financial, Inc (NYSE:AX) by 94.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,999 shares of the company’s stock after acquiring an additional 7,770 shares during the period. Csenge Advisory Group’s holdings in Axos Financial were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Axos Financial in the 3rd quarter valued at $26,000. True Wealth Design LLC raised its position in shares of Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after buying an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares in the last quarter. IFP Advisors Inc boosted its position in Axos Financial by 360.7% during the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after acquiring an additional 386 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Axos Financial during the 3rd quarter valued at about $76,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Price Performance

AX stock opened at $94.60 on Friday. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $95.81. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 12.66 and a beta of 1.26. The business has a fifty day moving average of $85.49 and a two-hundred day moving average of $85.38.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. The business had revenue of $323.39 million during the quarter, compared to analysts’ expectations of $319.96 million. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.During the same period in the prior year, the business posted $1.96 EPS. As a group, research analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Activity

In other news, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total value of $184,963.35. Following the transaction, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. This represents a 14.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 2,145 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $84.59, for a total transaction of $181,445.55. Following the transaction, the director directly owned 46,209 shares of the company’s stock, valued at $3,908,819.31. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AX. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Needham & Company LLC reissued a “buy” rating and set a $107.00 price objective on shares of Axos Financial in a research note on Friday. Keefe, Bruyette & Woods upped their target price on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, September 29th. Finally, DA Davidson lifted their price target on Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a report on Monday, December 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.42.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.