Militia Capital Partners LP Has $7.45 Million Position in Axos Financial, Inc $AX

Militia Capital Partners LP reduced its stake in shares of Axos Financial, Inc (NYSE:AX) by 31.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,000 shares of the company’s stock after selling 41,000 shares during the quarter. Axos Financial comprises about 3.5% of Militia Capital Partners LP’s investment portfolio, making the stock its 5th largest holding. Militia Capital Partners LP’s holdings in Axos Financial were worth $7,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of Axos Financial during the 3rd quarter worth about $26,000. Bessemer Group Inc. boosted its holdings in shares of Axos Financial by 59.6% in the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial in the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after acquiring an additional 333 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Axos Financial during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $84.50 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.79 billion, a PE ratio of 10.71 and a beta of 1.27. The company has a 50 day moving average price of $93.08 and a two-hundred day moving average price of $87.45. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $101.92.

Axos Financial (NYSE:AX) last announced its quarterly 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 company had revenue of $385.09 million for 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%. Axos Financial’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. As a group, equities analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director James John Court sold 11,163 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the transaction, the director directly owned 32,169 shares of the company’s stock, valued at $3,249,390.69. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Garrabrants sold 43,294 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $99.10, for a total transaction of $4,290,435.40. Following the transaction, the chief executive officer directly owned 1,418,751 shares in the company, valued at $140,598,224.10. The trade was a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 59,303 shares of company stock worth $5,908,474. Corporate insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

AX has been the subject of several research analyst reports. Jefferies Financial Group upped their price objective on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. DA Davidson raised their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $104.50.

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.