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

Proficio Capital Partners LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,091 shares of the company's stock, valued at approximately $1,264,000.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Axos Financial during the fourth quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Axos Financial during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after buying an additional 582 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Axos Financial during the 4th quarter valued at $52,000. Finally, US Bancorp DE increased its position in Axos Financial by 325.2% during the third quarter. US Bancorp DE now owns 1,029 shares of the company's stock worth $65,000 after buying an additional 787 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of analyst reports. Needham & Company LLC increased their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. DA Davidson cut their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

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Axos Financial Trading Down 0.5 %

Shares of AX traded down $0.33 during trading hours on Tuesday, hitting $62.39. The stock had a trading volume of 398,059 shares, compared to its average volume of 513,281. The company's fifty day simple moving average is $69.36 and its 200 day simple moving average is $70.36. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $3.56 billion, a P/E ratio of 8.39 and a beta of 1.45.

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

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.07% of the stock is owned by insiders.

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.