Axos Financial, Inc. (NYSE:AX) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in Axos Financial, Inc. (NYSE:AX) by 325.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029 shares of the company’s stock after purchasing an additional 787 shares during the period. US Bancorp DE’s holdings in Axos Financial were worth $65,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in shares of Axos Financial in the second quarter worth about $25,000. EntryPoint Capital LLC boosted its stake 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 last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Axos Financial during the third quarter worth approximately $27,000. Advisors Asset Management Inc. increased its stake in shares of Axos Financial by 122.5% in the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock worth $49,000 after buying an additional 496 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Axos Financial in the second quarter valued at $49,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AX shares. Wedbush lowered their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Raymond James raised their price target 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. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Piper Sandler upped their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.80.

Axos Financial Stock Performance

Shares of NYSE AX opened at $80.16 on Monday. Axos Financial, Inc. has a one year low of $36.93 and a one year high of $85.54. The business’s 50-day moving average price is $67.01 and its two-hundred day moving average price is $63.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $4.58 billion, a P/E ratio of 9.70 and a beta of 1.38.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analyst estimates 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 earned $1.41 EPS. Analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Insider Activity

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