Cerity Partners LLC Purchases 2,619 Shares of Axos Financial, Inc. (NYSE:AX)

Cerity Partners LLC raised its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 27.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,251 shares of the company’s stock after purchasing an additional 2,619 shares during the quarter. Cerity Partners LLC’s holdings in Axos Financial were worth $770,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after purchasing an additional 321,494 shares in the last quarter. Geneva Capital Management LLC raised its position in Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after buying an additional 1,976 shares during the last quarter. Emerald Advisers LLC lifted its stake in Axos Financial by 14.4% during the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after acquiring an additional 63,458 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in Axos Financial by 10.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock worth $26,564,000 after acquiring an additional 40,184 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday. Needham & Company LLC lifted their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush reduced their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average price target of $83.20.

Insider Activity at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their position. 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.

Axos Financial Trading Down 1.6 %

Shares of AX stock opened at $80.10 on Friday. Axos Financial, Inc. has a 12-month low of $42.92 and a 12-month high of $88.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $72.05 and a 200-day moving average of $65.62. The firm has a market cap of $4.57 billion, a P/E ratio of 9.70 and a beta of 1.42.

Axos Financial (NYSE:AX) last announced its quarterly 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. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the prior year, the company posted $1.41 EPS. Sell-side analysts anticipate that Axos Financial, Inc. will post 7.07 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.