Axos Financial, Inc. (NYSE:AX) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,223 shares of the company’s stock after purchasing an additional 1,561 shares during the period. Inspire Investing LLC’s holdings in Axos Financial were worth $994,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AX. JPMorgan Chase & Co. grew its stake in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Axos Financial by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after buying an additional 39,091 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of Axos Financial by 287.4% during the second quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock worth $2,069,000 after buying an additional 26,855 shares in the last quarter. Algert Global LLC increased its stake in shares of Axos Financial by 9.9% in the second quarter. Algert Global LLC now owns 183,352 shares of the company’s stock worth $10,479,000 after buying an additional 16,448 shares during the last quarter. Finally, Barclays PLC raised its holdings in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after acquiring an additional 35,087 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % 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 Performance

Shares of AX stock opened at $71.01 on Friday. The company has a market cap of $4.05 billion, a P/E ratio of 8.60 and a beta of 1.46. The business has a 50 day moving average of $75.44 and a two-hundred day moving average of $69.90. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a research report on Tuesday. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

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.