Axos Financial, Inc. (NYSE:AX) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 61.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,315 shares of the company’s stock after purchasing an additional 28,526 shares during the quarter. Quantbot Technologies LP owned about 0.13% of Axos Financial worth $4,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AX. Kathleen S. Wright Associates Inc. purchased a new position in Axos Financial in the third quarter valued at about $27,000. Hollencrest Capital Management acquired a new stake in shares of Axos Financial in the second quarter valued at about $25,000. EntryPoint Capital LLC raised its holdings in shares of Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after buying an additional 441 shares during the period. Farther Finance Advisors LLC lifted its position in Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Axos Financial in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock valued at $10,882,135 over the last three months. Company insiders own 5.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AX. Raymond James increased their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush reduced their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Piper Sandler raised their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods lifted their price target on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Axos Financial currently has an average rating of “Hold” and a consensus price target of $79.80.

Axos Financial Trading Down 2.6 %

Axos Financial stock opened at $84.37 on Wednesday. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $88.46. The firm’s 50-day moving average is $69.34 and its 200-day moving average is $64.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $4.82 billion, a P/E ratio of 10.21 and a beta of 1.38.

Axos Financial (NYSE:AX) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, equities analysts expect that Axos Financial, Inc. will post 7.02 earnings per share for the current 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.