Axos Financial, Inc. (NYSE:AX) Stake Lifted by Inspire Investing LLC

Inspire Investing LLC increased its position in shares of Axos Financial, Inc. (NYSE:AX) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,223 shares of the company’s stock after buying an additional 1,561 shares during the quarter. Inspire Investing LLC’s holdings in Axos Financial were worth $994,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after purchasing an additional 292,952 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares in the last quarter. State Street Corp boosted its stake in shares of Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial in the 4th quarter worth $9,849,000. Finally, Geode Capital Management LLC raised its position in shares of Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.20.

Axos Financial Trading Down 0.4 %

Shares of NYSE AX opened at $71.01 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The business has a 50-day moving average price of $75.44 and a two-hundred day moving average price of $69.90. The firm has a market capitalization of $4.05 billion, a PE ratio of 8.60 and a beta of 1.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same period last year, the company posted $1.41 earnings per share. As a group, analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of the firm’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. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

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.