GSA Capital Partners LLP Purchases New Position in Axos Financial, Inc. (NYSE:AX)

GSA Capital Partners LLP acquired a new position in Axos Financial, Inc. (NYSE:AX) during the 3rd quarter, HoldingsChannel reports. The fund acquired 18,434 shares of the company’s stock, valued at approximately $1,159,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after acquiring an additional 321,494 shares during the period. Millennium Management LLC raised its holdings in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after purchasing an additional 190,584 shares during the period. M&G Plc purchased a new position in Axos Financial during the first quarter worth approximately $8,249,000. Epoch Investment Partners Inc. acquired a new stake in Axos Financial in the first quarter valued at approximately $7,829,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Axos Financial in the second quarter valued at approximately $5,077,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity

In other news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Stock Down 1.6 %

AX stock opened at $80.53 on Friday. Axos Financial, Inc. has a 12 month low of $36.93 and a 12 month high of $85.54. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 9.75 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $66.68 and a two-hundred day moving average of $63.19.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the company posted $1.41 EPS. As a group, analysts forecast that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wedbush cut their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Raymond James boosted their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.80.

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.