SG Americas Securities LLC Increases Stock Holdings in Axos Financial, Inc $AX

SG Americas Securities LLC lifted its position in shares of Axos Financial, Inc (NYSE:AX) by 67.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,444 shares of the company’s stock after buying an additional 15,509 shares during the quarter. SG Americas Securities LLC’s holdings in Axos Financial were worth $3,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AX. Franklin Resources Inc. grew its stake in Axos Financial by 198.0% in the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after acquiring an additional 275,191 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Axos Financial during the 2nd quarter valued at about $9,639,000. UBS Group AG raised its position in Axos Financial by 65.7% during the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after acquiring an additional 106,003 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Axos Financial by 62.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock valued at $21,538,000 after purchasing an additional 99,042 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Axos Financial in the second quarter valued at about $6,460,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Price Performance

Axos Financial stock opened at $85.52 on Friday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 10.84 and a beta of 1.26. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $101.92. 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 firm’s 50-day moving average is $90.72 and its two-hundred day moving average is $86.85.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. The business had revenue of $385.09 million during the quarter, compared to analyst estimates of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 earnings per share. Equities analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other Axos Financial news, EVP Derrick Walsh sold 4,846 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the transaction, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. The trade was a 11.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James John Court sold 11,163 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.01, for a total value of $1,127,574.63. Following the transaction, the director directly owned 32,169 shares in the company, valued at approximately $3,249,390.69. This represents a 25.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 59,303 shares of company stock valued at $5,908,474. Company insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

AX has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. DA Davidson upped their target price on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Jefferies Financial Group increased their target price on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $104.50.

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.