GSA Capital Partners LLP Cuts Stock Holdings in Axos Financial, Inc $AX

GSA Capital Partners LLP lowered its stake in Axos Financial, Inc (NYSE:AX) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,589 shares of the company’s stock after selling 27,930 shares during the quarter. GSA Capital Partners LLP’s holdings in Axos Financial were worth $1,828,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AX. Salomon & Ludwin LLC purchased a new stake in shares of Axos Financial during the 3rd quarter worth approximately $26,000. Bessemer Group Inc. lifted its position 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. True Wealth Design LLC grew its stake in shares of Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after buying an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 333 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock valued at $37,000 after acquiring an additional 386 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James John Court sold 11,163 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 32,169 shares in the company, valued at $3,249,390.69. The trade was a 25.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tamara N. Bohlig sold 2,145 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the sale, the director owned 12,919 shares of the company’s stock, valued at approximately $1,114,005.37. This trade represents a 14.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 63,593 shares of company stock worth $6,274,883. Insiders own 4.85% of the company’s stock.

Wall Street Analysts Forecast Growth

AX has been the topic of several analyst reports. Jefferies Financial Group boosted their price objective on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Friday. DA Davidson increased their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $104.50.

Axos Financial Price Performance

Shares of AX opened at $97.29 on Tuesday. The stock has a market capitalization of $5.51 billion, a PE ratio of 12.33 and a beta of 1.27. The company has a 50 day moving average price of $91.83 and a 200-day moving average price of $87.08. 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 $101.92.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.18. The business had revenue of $385.09 million for 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 business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Equities analysts predict 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.