Axos Financial, Inc $AX Shares Acquired by Csenge Advisory Group

Csenge Advisory Group lifted its position in Axos Financial, Inc (NYSE:AX) by 94.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,999 shares of the company’s stock after buying an additional 7,770 shares during the quarter. Csenge Advisory Group’s holdings in Axos Financial were worth $1,354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Axos Financial in the 3rd quarter valued at about $26,000. True Wealth Design LLC lifted its position in shares of Axos Financial by 120.9% during the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after purchasing an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares during the period. IFP Advisors Inc grew its holdings in shares of Axos Financial by 360.7% in the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock valued at $37,000 after purchasing an additional 386 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Axos Financial during the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of AX stock opened at $94.60 on Friday. The company has a market cap of $5.36 billion, a P/E ratio of 12.66 and a beta of 1.26. The firm has a fifty day moving average price of $85.49 and a 200 day moving average price of $85.38. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $95.81.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.The company had revenue of $323.39 million during the quarter, compared to the consensus estimate of $319.96 million. During the same period in the previous year, the business earned $1.96 EPS. Sell-side analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other news, Director Edward James Ratinoff sold 2,145 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the sale, the director owned 46,209 shares in the company, valued at approximately $3,908,819.31. The trade was a 4.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the transaction, the director owned 12,919 shares of the company’s stock, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on AX. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Raymond James Financial reissued an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Needham & Company LLC restated a “buy” rating and set a $107.00 price target on shares of Axos Financial in a report on Friday. Finally, DA Davidson lifted their price objective on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a research note on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $97.42.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.