Emerald Mutual Fund Advisers Trust Has $28.89 Million Position in Axos Financial, Inc $AX

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Axos Financial, Inc (NYSE:AX) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,262 shares of the company’s stock after selling 22,764 shares during the quarter. Axos Financial comprises about 1.5% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 13th biggest position. Emerald Mutual Fund Advisers Trust owned 0.60% of Axos Financial worth $28,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Axos Financial by 0.9% in the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock valued at $7,031,000 after buying an additional 1,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Axos Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after purchasing an additional 1,429 shares during the last quarter. United Services Automobile Association acquired a new stake in Axos Financial in the 1st quarter valued at $212,000. Strs Ohio bought a new position in shares of Axos Financial in the 1st quarter valued at about $194,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Axos Financial by 32.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,586 shares of the company’s stock valued at $888,000 after acquiring an additional 2,569 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of NYSE AX opened at $96.27 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.45 billion, a P/E ratio of 12.89 and a beta of 1.26. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $99.82. The stock has a 50 day moving average of $86.59 and a 200-day moving average of $85.68.

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

Insider Activity

In related news, Director Edward James Ratinoff sold 2,145 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $84.59, for a total value of $181,445.55. Following the transaction, the director owned 46,209 shares in the company, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tamara N. Bohlig sold 2,145 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AX. Keefe, Bruyette & Woods upped their target price on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. Needham & Company LLC reiterated a “buy” rating and set a $107.00 price objective on shares of Axos Financial in a research note on Friday, January 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Finally, DA Davidson boosted their target price on shares of Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target 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.