Farther Finance Advisors LLC Acquires 582 Shares of Axos Financial, Inc. (NYSE:AX)

Farther Finance Advisors LLC raised its stake in shares of Axos Financial, Inc. (NYSE:AX) by 881.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648 shares of the company’s stock after acquiring an additional 582 shares during the quarter. Farther Finance Advisors LLC’s holdings in Axos Financial were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in Axos Financial during the 2nd quarter valued at about $25,000. EntryPoint Capital LLC increased its stake in 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 purchasing an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of Axos Financial in the third quarter worth $27,000. Advisors Asset Management Inc. lifted its stake in shares of Axos Financial by 122.5% during 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 period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Axos Financial during the second quarter valued at $49,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. 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, Needham & Company LLC upped their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One 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, Axos Financial currently has a consensus rating of “Hold” and an average target price of $79.80.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

Axos Financial Price Performance

NYSE:AX opened at $80.53 on Friday. The stock has a market capitalization of $4.60 billion, a PE ratio of 9.75 and a beta of 1.38. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $85.54. 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 stock’s 50-day moving average price is $66.68 and its 200-day moving average price is $63.19.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share 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 period in the prior year, the business posted $1.41 earnings per share. As a group, equities analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

Axos Financial Company 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.