12,718 Shares in Axos Financial, Inc. (NYSE:AX) Bought by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,718 shares of the company's stock, valued at approximately $800,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its stake in shares of Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock worth $241,000 after purchasing an additional 162 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of 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 during the period. CWM LLC raised its position in shares of Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company's stock worth $298,000 after purchasing an additional 269 shares during the period. SummerHaven Investment Management LLC lifted its holdings 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 valued at $1,008,000 after purchasing an additional 281 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company's stock valued at $62,000 after purchasing an additional 308 shares during the period. Institutional investors own 83.79% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the 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 transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is owned by insiders.

Axos Financial Stock Performance

Shares of NYSE:AX traded up $2.54 on Friday, hitting $84.66. The company had a trading volume of 386,936 shares, compared to its average volume of 597,011. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 10.25 and a beta of 1.38. The stock has a 50 day moving average price of $68.90 and a 200 day moving average price of $64.32. Axos Financial, Inc. has a 1-year low of $36.93 and a 1-year high of $85.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Axos Financial Company 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.