Emerald Advisers LLC Sells 25,147 Shares of Axos Financial, Inc $AX

Emerald Advisers LLC cut its position in shares of Axos Financial, Inc (NYSE:AX) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,232 shares of the company’s stock after selling 25,147 shares during the quarter. Axos Financial comprises about 1.3% of Emerald Advisers LLC’s holdings, making the stock its 18th largest position. Emerald Advisers LLC’s holdings in Axos Financial were worth $42,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. acquired a new position in Axos Financial in the fourth quarter valued at $26,000. Basepoint Wealth LLC acquired a new stake in Axos Financial during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. acquired a new stake in Axos Financial during the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC raised its position in shares of Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after acquiring an additional 333 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of Axos Financial in the 4th quarter worth about $36,000. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the completion of the sale, the director owned 7,646 shares in the company, valued at approximately $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael James Watson sold 1,653 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the sale, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is owned by company insiders.

Axos Financial Price Performance

Shares of NYSE AX opened at $97.34 on Tuesday. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $101.92. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 11.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s 50-day simple moving average is $89.86 and its 200 day simple moving average is $90.98.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The company had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter last year, the firm posted $1.81 EPS. As a group, research analysts anticipate that Axos Financial, Inc will post 8.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AX shares. Benchmark initiated coverage on Axos Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $115.00 target price on the stock. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Axos Financial in a report on Monday, March 16th. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $110.33.

Axos Financial 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.