Dynamic Technology Lab Private Ltd Invests $1.44 Million in Axos Financial, Inc. (NYSE:AX)

Dynamic Technology Lab Private Ltd bought a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,926 shares of the company's stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its position in shares of Axos Financial by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock worth $241,000 after acquiring an additional 162 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company's stock worth $302,000 after purchasing an additional 266 shares in the last quarter. CWM LLC increased its position in shares of Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company's stock valued at $298,000 after buying an additional 269 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Axos Financial by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company's stock worth $1,008,000 after buying an additional 281 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company's stock valued at $62,000 after buying an additional 308 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AX shares. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Needham & Company LLC lifted their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Raymond James lifted their price target on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded Axos Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of "Hold" and a consensus price target of $79.80.

Insider Activity at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company's stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company's stock, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,199 shares of company stock worth $10,882,135. Company insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Shares of NYSE:AX traded down $2.23 during midday trading on Tuesday, hitting $84.37. The company had a trading volume of 496,195 shares, compared to its average volume of 580,081. Axos Financial, Inc. has a twelve month low of $36.93 and a twelve month high of $88.46. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The business's 50-day simple moving average is $69.34 and its 200-day simple moving average is $64.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter last year, the firm earned $1.41 EPS. On average, research analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current year.

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.