GSA Capital Partners LLP Purchases Shares of 18,434 Axos Financial, Inc. (NYSE:AX)

GSA Capital Partners LLP bought a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,434 shares of the company's stock, valued at approximately $1,159,000.

Several other institutional investors and hedge funds have also modified their holdings of AX. Hollencrest Capital Management acquired a new position in Axos Financial in the second quarter valued at about $25,000. EntryPoint Capital LLC increased its stake in Axos Financial by 816.7% in the first quarter. EntryPoint Capital LLC now owns 495 shares of the company's stock valued at $27,000 after acquiring an additional 441 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in Axos Financial during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Axos Financial during the third quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock worth $41,000 after purchasing an additional 582 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of AX traded down $0.42 during mid-day trading on Friday, hitting $80.16. The stock had a trading volume of 581,063 shares, compared to its average volume of 583,199. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $4.58 billion, a P/E ratio of 9.70 and a beta of 1.38. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $85.54. The business has a fifty day moving average price of $67.01 and a 200-day moving average price of $63.38.

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 for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to analysts' expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities research analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction 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 transaction, the director now directly owns 46,209 shares of the company's stock, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $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. In the last quarter, insiders have sold 134,199 shares of company stock worth $10,882,135. 5.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AX shares. Piper Sandler upped their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Needham & Company LLC increased their price target on Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods boosted their price objective on Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Wedbush dropped their target price on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Finally, StockNews.com cut Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday. One 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's stock. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Hold" and a consensus target price of $79.80.

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.