Advantage Alpha Capital Partners LP Raises Stake in Axos Financial, Inc. (NYSE:AX)

Advantage Alpha Capital Partners LP grew its holdings in Axos Financial, Inc. (NYSE:AX) by 8.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,510 shares of the company’s stock after acquiring an additional 591 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Axos Financial were worth $472,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AX. American Century Companies Inc. increased its stake in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after buying an additional 321,494 shares during the period. Geneva Capital Management LLC boosted its holdings in shares of Axos Financial by 0.3% in the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after acquiring an additional 1,976 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock worth $31,789,000 after acquiring an additional 63,458 shares during the period. Loomis Sayles & Co. L P raised its holdings in Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after purchasing an additional 39,091 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock valued at $26,564,000 after purchasing an additional 40,184 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Down 2.6 %

NYSE:AX opened at $84.37 on Wednesday. The company has a market capitalization of $4.82 billion, a PE ratio of 10.21 and a beta of 1.38. Axos Financial, Inc. has a 52-week low of $36.93 and a 52-week high of $88.46. The stock has a fifty day simple moving average of $69.34 and a 200-day simple moving average of $64.50. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Insiders Place Their Bets

In other news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,199 shares of company stock valued at $10,882,135. Corporate insiders own 5.07% of the company’s stock.

Analysts Set New Price Targets

AX has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com cut Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler increased their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.80.

Axos Financial 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.