Empowered Funds LLC Buys New Holdings in Axos Financial, Inc. (NYSE:AX)

Empowered Funds LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,718 shares of the company’s stock, valued at approximately $800,000.

A number of other large investors also recently modified their holdings of the company. Geneva Capital Management LLC grew its stake in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after purchasing an additional 1,976 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Axos Financial during the third quarter worth approximately $324,000. GSA Capital Partners LLP bought a new stake in shares of Axos Financial in the third quarter worth $1,159,000. Venturi Wealth Management LLC acquired a new stake in Axos Financial in the third quarter valued at $189,000. Finally, Ashton Thomas Securities LLC bought a new position in Axos Financial during the 3rd quarter valued at $41,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock valued at $10,882,135 in the last ninety days. Company insiders own 5.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wedbush reduced their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC boosted their price target on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of “Hold” and an average price target of $79.80.

Axos Financial Trading Up 3.1 %

Shares of NYSE AX opened at $84.66 on Friday. Axos Financial, Inc. has a 12-month low of $36.93 and a 12-month high of $85.54. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 10.25 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $68.90 and its 200 day simple moving average is $64.26.

Axos Financial (NYSE:AX) last posted 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. The company had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the business posted $1.41 earnings per share. Equities research analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

About Axos Financial

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.