Van Hulzen Asset Management LLC increased its position in shares of Axos Financial, Inc. (NYSE:AX – Get Rating) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,520 shares of the company's stock after acquiring an additional 430 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Axos Financial were worth $627,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of AX. Mutual of America Capital Management LLC boosted its holdings in shares of Axos Financial by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 7,716 shares of the company's stock valued at $358,000 after purchasing an additional 400 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Axos Financial by 4.3% in the 1st quarter. Natixis Advisors L.P. now owns 11,233 shares of the company's stock valued at $521,000 after purchasing an additional 460 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Axos Financial by 13.3% during the 1st quarter. Guggenheim Capital LLC now owns 4,345 shares of the company's stock valued at $201,000 after acquiring an additional 509 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Axos Financial by 6.1% during the 1st quarter. Teacher Retirement System of Texas now owns 10,994 shares of the company's stock valued at $510,000 after acquiring an additional 631 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Axos Financial by 16.9% during the 1st quarter. Raymond James Trust N.A. now owns 4,527 shares of the company's stock valued at $210,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 77.84% of the company's stock.
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Insider Transactions at Axos Financial
In other news, EVP Thomas M. Constantine sold 1,554 shares of the business's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $44.12, for a total value of $68,562.48. Following the completion of the sale, the executive vice president now owns 10,123 shares of the company's stock, valued at approximately $446,626.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul Grinberg sold 2,985 shares of the business's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $41.04, for a total value of $122,504.40. Following the completion of the sale, the director now owns 59,749 shares of the company's stock, valued at approximately $2,452,098.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas M. Constantine sold 1,554 shares of Axos Financial stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $44.12, for a total transaction of $68,562.48. Following the completion of the transaction, the executive vice president now directly owns 10,123 shares of the company's stock, valued at $446,626.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,870 shares of company stock valued at $851,807. Insiders own 4.73% of the company's stock.
Axos Financial Stock Performance
Axos Financial stock opened at $40.18 on Thursday. Axos Financial, Inc. has a 12-month low of $34.11 and a 12-month high of $62.44. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The firm's fifty day moving average price is $42.69 and its 200 day moving average price is $39.10.
Axos Financial (NYSE:AX – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.10. Axos Financial had a net margin of 31.14% and a return on equity of 16.53%. The firm had revenue of $192.51 million for the quarter, compared to the consensus estimate of $180.82 million. On average, research analysts forecast that Axos Financial, Inc. will post 4.51 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on AX shares. Wedbush lowered shares of Axos Financial from an "outperform" rating to a "neutral" rating and set a $40.00 target price on the stock. in a report on Thursday, June 30th. Keefe, Bruyette & Woods upgraded shares of Axos Financial from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $52.00 to $56.00 in a report on Monday, July 11th. B. Riley reduced their target price on shares of Axos Financial from $58.00 to $49.00 in a report on Monday, July 11th. Finally, DA Davidson lifted their target price on shares of Axos Financial to $53.00 in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.33.
Axos Financial Company Profile
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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.
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