Semanteon Capital Management LP Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Semanteon Capital Management LP purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,663 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Axos Financial during the fourth quarter worth about $49,000. New York State Common Retirement Fund increased its stake in Axos Financial by 2.1% during the fourth quarter. New York State Common Retirement Fund now owns 24,257 shares of the company’s stock worth $1,324,000 after acquiring an additional 493 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in Axos Financial during the fourth quarter worth about $304,000. Carmel Capital Partners LLC boosted its position in shares of Axos Financial by 508.5% in the fourth quarter. Carmel Capital Partners LLC now owns 4,801 shares of the company’s stock worth $262,000 after buying an additional 4,012 shares during the period. Finally, Xponance Inc. purchased a new stake in shares of Axos Financial in the fourth quarter worth about $305,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Up 0.2 %

AX traded up $0.11 on Friday, reaching $53.05. The company’s stock had a trading volume of 335,248 shares, compared to its average volume of 544,930. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 7.86 and a beta of 1.44. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $60.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day moving average is $51.43 and its 200 day moving average is $48.10.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. The firm had revenue of $352.74 million during the quarter, compared to the consensus estimate of $247.43 million. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. Axos Financial’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 earnings per share. As a group, research analysts forecast that Axos Financial, Inc. will post 6.45 EPS for the current fiscal year.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the transaction, the executive vice president now owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total transaction of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the transaction, the executive vice president now directly owns 427,535 shares in the company, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AX. Raymond James upped their target price on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wedbush upped their target price on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th.

Axos Financial 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.