Axos Financial, Inc. (NYSE:AX) Stock Position Boosted by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP grew its stake in shares of Axos Financial, Inc. (NYSE:AX) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,471 shares of the company’s stock after buying an additional 961 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Axos Financial were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after acquiring an additional 32,095 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Axos Financial by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after purchasing an additional 39,091 shares in the last quarter. Barclays PLC raised its holdings in shares of Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $23,604,000 after purchasing an additional 17,201 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Axos Financial during the fourth quarter worth approximately $9,849,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Price Performance

NYSE AX opened at $67.11 on Tuesday. The company has a 50 day simple moving average of $68.13 and a 200-day simple moving average of $70.01. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 9.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AX shares. Raymond James reiterated an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research 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 for the company in a research report on Wednesday, January 29th. Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, DA Davidson reduced their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is owned by corporate insiders.

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.