10,379 Shares in Axos Financial, Inc. (NYSE:AX) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Axos Financial, Inc. (NYSE:AX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,379 shares of the company’s stock, valued at approximately $551,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock valued at $21,847,000 after purchasing an additional 33,366 shares during the last quarter. Millennium Management LLC raised its position in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after purchasing an additional 190,584 shares during the period. Finally, Stieven Capital Advisors L.P. lifted its stake in Axos Financial by 1.4% in the second quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock worth $18,770,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX stock opened at $66.28 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The firm has a market cap of $3.78 billion, a P/E ratio of 8.99 and a beta of 1.39. The business’s 50 day moving average price is $64.34 and its 200-day moving average price is $60.21.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The business had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter in the previous year, the business posted $1.50 earnings per share. On average, equities research analysts anticipate that Axos Financial, Inc. will post 7.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush reduced their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Piper Sandler raised their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Needham & Company LLC started coverage on Axos Financial in a research report on Friday, October 11th. They issued a “buy” rating and a $82.00 price objective for the company. Raymond James raised their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $80.20.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.82% 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.