GSA Capital Partners LLP Acquires New Shares in Axos Financial, Inc. (NYSE:AX)

GSA Capital Partners LLP bought a new position in Axos Financial, Inc. (NYSE:AX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,434 shares of the company’s stock, valued at approximately $1,159,000.

Other hedge funds have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Axos Financial during the 3rd quarter valued at about $27,000. Hollencrest Capital Management purchased a new stake in Axos Financial in the 2nd quarter worth $25,000. EntryPoint Capital LLC raised its stake in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the period. Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s 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 sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Down 1.6 %

AX opened at $80.53 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. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 9.75 and a beta of 1.38. Axos Financial, Inc. has a 12 month low of $36.93 and a 12 month high of $85.54. The stock has a fifty day moving average price of $66.68 and a 200-day moving average price of $63.19.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (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 for the quarter, compared to analyst estimates of $299.59 million. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, equities research analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Needham & Company LLC upped their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Raymond James upped their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.80.

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.