Proficio Capital Partners LLC Takes $1.26 Million Position in Axos Financial, Inc. (NYSE:AX)

Proficio Capital Partners LLC acquired a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,091 shares of the company's stock, valued at approximately $1,264,000.

Several other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the fourth quarter valued at $35,000. Kestra Investment Management LLC purchased a new position in shares of Axos Financial in the 4th quarter valued at about $52,000. R Squared Ltd acquired a new stake in shares of Axos Financial during the 4th quarter worth about $66,000. SRS Capital Advisors Inc. lifted its stake in Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Axos Financial by 206.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after purchasing an additional 849 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Up 4.5 %

AX traded up $2.90 during trading on Monday, hitting $67.11. The company's stock had a trading volume of 298,954 shares, compared to its average volume of 508,719. The firm's 50 day moving average price is $68.12 and its 200-day moving average price is $70.01. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market cap of $3.83 billion, a PE ratio of 9.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

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Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Raymond James reissued an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average price target of $84.17.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.