Y Intercept Hong Kong Ltd Purchases Shares of 13,301 Axos Financial, Inc. (NYSE:AX)

Y Intercept Hong Kong Ltd acquired a new position in shares of Axos Financial, Inc. (NYSE:AX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,301 shares of the company’s stock, valued at approximately $836,000.

Several other large investors also recently made changes to their positions in AX. Hollencrest Capital Management bought a new position in Axos Financial in the second quarter worth approximately $25,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Axos Financial in the 3rd quarter valued at $41,000. Farther Finance Advisors LLC grew its position in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Axos Financial during the 2nd quarter valued at $49,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC boosted their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods raised their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Wedbush decreased their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Axos Financial Trading Up 0.2 %

Shares of Axos Financial stock opened at $79.55 on Friday. The firm has a market cap of $4.54 billion, a PE ratio of 9.63 and a beta of 1.42. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average price of $74.28 and a 200-day moving average price of $66.48.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter last year, the company posted $1.41 earnings per share. Equities research analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current year.

About Axos Financial

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.