GAMMA Investing LLC Purchases 336 Shares of Axos Financial, Inc. (NYSE:AX)

GAMMA Investing LLC boosted its position in Axos Financial, Inc. (NYSE:AXFree Report) by 34.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,318 shares of the company’s stock after buying an additional 336 shares during the quarter. GAMMA Investing LLC’s holdings in Axos Financial were worth $92,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Axos Financial during the second quarter worth about $25,000. Kathleen S. Wright Associates Inc. bought a new position in Axos Financial during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Axos Financial during the third quarter worth about $41,000. Farther Finance Advisors LLC boosted its holdings in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Axos Financial by 325.2% during the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after buying an additional 787 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AX. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Axos Financial in a research report on Thursday. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.20.

View Our Latest Research Report on Axos Financial

Axos Financial Stock Down 3.1 %

Shares of Axos Financial stock opened at $66.76 on Friday. The business’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $68.93. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a market cap of $3.81 billion, a PE ratio of 8.08 and a beta of 1.46. 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 (NYSE:AXGet Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same quarter last year, the firm earned $1.41 EPS. On average, analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Axos Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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