Proficio Capital Partners LLC Buys New Holdings in Axos Financial, Inc. (NYSE:AX)

Proficio Capital Partners LLC bought a new stake in Axos Financial, Inc. (NYSE:AX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,091 shares of the company’s stock, valued at approximately $1,264,000.

A number of other large investors have also modified their holdings of AX. Wasatch Advisors LP grew its holdings in shares of Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after purchasing an additional 292,952 shares during the last quarter. State Street Corp grew its holdings in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial during the fourth quarter worth $9,849,000. Geode Capital Management LLC grew its holdings in shares of Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Axos Financial by 27.9% during the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after purchasing an additional 70,017 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AX has been the topic of several recent research reports. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Raymond James restated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, DA Davidson reduced their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.07% of the stock is currently owned by insiders.

Axos Financial Price Performance

Shares of AX opened at $63.76 on Friday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The business has a 50-day simple moving average of $68.17 and a two-hundred day simple moving average of $70.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.64 billion, a PE ratio of 8.57 and a beta of 1.45.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.