Axos Financial, Inc $AX Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its holdings in Axos Financial, Inc (NYSE:AX) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 528,912 shares of the company’s stock after selling 24,679 shares during the quarter. Axos Financial accounts for 1.4% of Emerald Advisers LLC’s portfolio, making the stock its 16th largest position. Emerald Advisers LLC’s holdings in Axos Financial were worth $44,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AX. Royal Bank of Canada increased its holdings in shares of Axos Financial by 0.9% during the first quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock valued at $7,031,000 after purchasing an additional 1,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Axos Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after buying an additional 1,429 shares during the period. United Services Automobile Association bought a new stake in shares of Axos Financial during the 1st quarter worth about $212,000. Strs Ohio acquired a new stake in shares of Axos Financial in the 1st quarter worth approximately $194,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Axos Financial by 32.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,586 shares of the company’s stock valued at $888,000 after acquiring an additional 2,569 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 3.5%

Shares of AX opened at $96.21 on Thursday. The business’s 50-day moving average price is $86.26 and its 200 day moving average price is $85.61. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5.45 billion, a P/E ratio of 12.88 and a beta of 1.26. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $97.49.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million during the quarter, compared to analyst estimates of $319.96 million. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. During the same period in the prior year, the firm earned $1.96 earnings per share. Analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AX shares. Keefe, Bruyette & Woods boosted their target price on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. Needham & Company LLC reiterated a “buy” rating and set a $107.00 price target on shares of Axos Financial in a research report on Friday, January 16th. DA Davidson boosted their price objective on Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average target price of $97.42.

Insider Buying and Selling at Axos Financial

In related news, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 2,145 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the completion of the sale, the director directly owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is owned by insiders.

About Axos Financial

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.