Axos Financial, Inc $AX Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Axos Financial, Inc (NYSE:AX) by 10.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 275,081 shares of the company’s stock after purchasing an additional 26,119 shares during the period. Axos Financial comprises 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 29th largest holding. Kennedy Capital Management LLC’s holdings in Axos Financial were worth $23,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Axos Financial by 198.0% in the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock worth $35,060,000 after acquiring an additional 275,191 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Axos Financial by 10.5% during the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock valued at $180,832,000 after acquiring an additional 226,892 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Axos Financial during the second quarter valued at about $9,639,000. Edgestream Partners L.P. raised its position in shares of Axos Financial by 199.7% in the 2nd quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock valued at $12,568,000 after purchasing an additional 110,136 shares during the last quarter. Finally, UBS Group AG boosted its stake in Axos Financial by 65.7% in the 3rd quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after purchasing an additional 106,003 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AX. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Axos Financial in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. DA Davidson raised their target price on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Axos Financial presently has an average rating of “Buy” and an average price target of $104.50.

Insider Buying and Selling

In other news, Director James John Court sold 11,163 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the sale, the director directly owned 32,169 shares of the company’s stock, valued at $3,249,390.69. This represents a 25.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Garrabrants sold 43,294 shares of Axos Financial stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the completion of the transaction, the chief executive officer owned 1,418,751 shares of the company’s stock, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 59,303 shares of company stock valued at $5,908,474. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Stock Performance

AX stock traded down $0.01 during trading on Friday, hitting $84.65. 20,195 shares of the company traded hands, compared to its average volume of 377,033. The stock’s 50-day simple moving average is $93.23 and its 200 day simple moving average is $87.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $4.80 billion, a PE ratio of 10.77 and a beta of 1.27. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $101.92.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.07 by $0.18. The business had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, equities analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial 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.