Emerald Advisers LLC Boosts Holdings in Axos Financial, Inc. (NYSE:AX)

Emerald Advisers LLC boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 505,544 shares of the company's stock after purchasing an additional 63,458 shares during the quarter. Axos Financial comprises 1.2% of Emerald Advisers LLC's portfolio, making the stock its 24th biggest holding. Emerald Advisers LLC owned 0.89% of Axos Financial worth $31,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in Axos Financial by 10.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company's stock valued at $26,564,000 after buying an additional 40,184 shares in the last quarter. Millennium Management LLC grew its holdings in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after buying an additional 190,584 shares in the last quarter. Stieven Capital Advisors L.P. grew its holdings in Axos Financial by 1.4% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company's stock valued at $18,770,000 after buying an additional 4,400 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Axos Financial by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company's stock valued at $14,055,000 after buying an additional 14,953 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Trading Down 2.8 %

AX traded down $1.87 during trading hours on Friday, reaching $65.85. 587,219 shares of the company's stock traded hands, compared to its average volume of 393,469. The firm has a 50-day moving average price of $64.88 and a 200 day moving average price of $61.57. The firm has a market capitalization of $3.76 billion, a PE ratio of 7.97 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, sell-side analysts predict that Axos Financial, Inc. will post 6.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Piper Sandler lifted their target price on Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Raymond James lifted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Needham & Company LLC lifted their target price on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.80.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.07% of the company's stock.

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.