Horizon Investment Services LLC Raises Holdings in Axos Financial, Inc $AX

Horizon Investment Services LLC lifted its position in shares of Axos Financial, Inc (NYSE:AX) by 297.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,586 shares of the company’s stock after acquiring an additional 10,913 shares during the quarter. Horizon Investment Services LLC’s holdings in Axos Financial were worth $1,235,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AX. Bessemer Group Inc. lifted its holdings in Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Savant Capital LLC increased its stake in shares of Axos Financial by 2.3% in the third quarter. Savant Capital LLC now owns 19,481 shares of the company’s stock worth $1,649,000 after purchasing an additional 434 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Axos Financial by 4.8% in the third quarter. Envestnet Asset Management Inc. now owns 66,584 shares of the company’s stock valued at $5,636,000 after purchasing an additional 3,051 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Axos Financial by 4.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,382 shares of the company’s stock valued at $286,000 after buying an additional 130 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of Axos Financial during the 3rd quarter valued at approximately $216,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insider Activity

In other news, Director Tamara N. Bohlig sold 2,145 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the transaction, the director owned 12,919 shares of the company’s stock, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 2,145 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the sale, the director directly owned 46,209 shares in the company, valued at $3,908,819.31. This represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on shares of Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Axos Financial presently has an average rating of “Buy” and a consensus price target of $104.50.

Axos Financial Trading Up 1.4%

Axos Financial stock opened at $99.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $100.83. The stock has a market cap of $5.62 billion, a P/E ratio of 12.57 and a beta of 1.27. The firm’s fifty day moving average price is $89.58 and its 200-day moving average price is $86.39.

Axos Financial (NYSE:AX) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial Company 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.