Axos Financial, Inc. (NYSE:AX) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 728,143 shares of the company’s stock after purchasing an additional 507 shares during the period. Geneva Capital Management LLC’s holdings in Axos Financial were worth $39,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AX. Carmel Capital Partners LLC acquired a new position in shares of Axos Financial in the third quarter worth about $30,000. Covestor Ltd raised its position in shares of Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock worth $49,000 after acquiring an additional 331 shares during the period. GAMMA Investing LLC acquired a new position in shares of Axos Financial in the fourth quarter worth about $49,000. Strs Ohio raised its position in shares of Axos Financial by 220.0% in the fourth quarter. Strs Ohio now owns 1,600 shares of the company’s stock worth $87,000 after acquiring an additional 1,100 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Axos Financial in the third quarter worth about $158,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James upped their price target on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wedbush restated a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Piper Sandler upped their price target on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price target (up previously from $77.00) on shares of Axos Financial in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Insider Activity at Axos Financial

In related news, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $49.75 per share, with a total value of $248,750.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the sale, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is owned by insiders.

Axos Financial Trading Up 1.1 %

Shares of AX stock traded up $0.67 on Thursday, hitting $60.60. 366,855 shares of the stock traded hands, compared to its average volume of 549,904. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $61.07. The stock has a market capitalization of $3.45 billion, a PE ratio of 8.22 and a beta of 1.42. The firm’s 50-day moving average price is $52.03 and its two-hundred day moving average price is $49.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. The firm had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same quarter in the previous year, the company earned $1.35 EPS. As a group, analysts anticipate that Axos Financial, Inc. will post 6.76 EPS for the current year.

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.