Connors Investor Services Inc. grew its position in Axos Financial, Inc. (NYSE:AX – Get Rating) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,743 shares of the company's stock after acquiring an additional 2,660 shares during the period. Connors Investor Services Inc. owned about 0.19% of Axos Financial worth $5,230,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AX. Exane Derivatives bought a new position in shares of Axos Financial in the 1st quarter valued at about $32,000. Steward Partners Investment Advisory LLC grew its position in shares of Axos Financial by 605.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company's stock valued at $39,000 after acquiring an additional 720 shares during the period. SG Americas Securities LLC grew its position in shares of Axos Financial by 79.5% in the 1st quarter. SG Americas Securities LLC now owns 3,336 shares of the company's stock valued at $155,000 after acquiring an additional 1,478 shares during the period. Captrust Financial Advisors grew its position in shares of Axos Financial by 66.2% in the 1st quarter. Captrust Financial Advisors now owns 3,458 shares of the company's stock valued at $160,000 after acquiring an additional 1,377 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Axos Financial in the 4th quarter valued at about $178,000. Institutional investors own 77.84% of the company's stock.
Get Axos Financial alerts:Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Axos Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $52.00 to $56.00 in a research note on Monday, July 11th. Wedbush cut shares of Axos Financial from an "outperform" rating to a "neutral" rating and set a $40.00 target price for the company. in a research note on Thursday, June 30th. DA Davidson raised their target price on shares of Axos Financial to $53.00 in a research note on Tuesday, August 9th. Finally, B. Riley cut their target price on shares of Axos Financial from $58.00 to $49.00 in a research note on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.33.
Axos Financial Price Performance
Shares of Axos Financial stock opened at $40.58 on Wednesday. Axos Financial, Inc. has a twelve month low of $34.11 and a twelve month high of $62.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $42.68 and a two-hundred day simple moving average of $39.09. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.22 and a beta of 1.40.Axos Financial (NYSE:AX – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.12 earnings per share 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 business had revenue of $192.51 million during the quarter, compared to analysts' expectations of $180.82 million. Analysts forecast that Axos Financial, Inc. will post 4.51 EPS for the current year.
Insiders Place Their Bets
In other Axos Financial news, 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 value of $68,562.48. Following the completion of the sale, the executive vice president now owns 10,123 shares in the company, valued at approximately $446,626.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Thomas M. Constantine sold 1,554 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 10,123 shares in the company, valued at approximately $446,626.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Grinberg sold 2,985 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $41.04, for a total transaction of $122,504.40. Following the completion of the transaction, the director now owns 59,749 shares of the company's stock, valued at $2,452,098.96. The disclosure for this sale can be found here. Insiders sold 18,870 shares of company stock worth $851,807 in the last quarter. 4.73% of the stock is currently owned by corporate insiders.
About Axos Financial
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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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