Quadrature Capital Ltd Boosts Position in Axos Financial, Inc. (NYSE:AX)

Quadrature Capital Ltd lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 182.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,034 shares of the company's stock after buying an additional 10,355 shares during the quarter. Quadrature Capital Ltd's holdings in Axos Financial were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hancock Whitney Corp increased its position in shares of Axos Financial by 1.3% during the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company's stock worth $687,000 after purchasing an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in 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 acquiring an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Axos Financial by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company's stock valued at $302,000 after acquiring an additional 266 shares in the last quarter. CWM LLC raised its holdings in Axos Financial by 5.4% in the 2nd quarter. CWM LLC now owns 5,208 shares of the company's stock valued at $298,000 after acquiring an additional 269 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted 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 worth $1,008,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Trading Up 0.9 %

Shares of Axos Financial stock traded up $0.75 on Friday, reaching $80.85. The company had a trading volume of 251,207 shares, compared to its average volume of 466,415. The firm's 50 day moving average price is $72.42 and its two-hundred day moving average price is $65.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a 52-week low of $43.32 and a 52-week high of $88.46. The firm has a market cap of $4.62 billion, a PE ratio of 9.79 and a beta of 1.42.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The company had revenue of $512.87 million for the quarter, compared to analysts' expectations of $299.59 million. During the same period in the prior year, the firm earned $1.41 earnings per share. Sell-side analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock worth $10,882,135 in the last three months. 5.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research report on Wednesday. Wedbush reduced their price target on Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC upped their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and an average target price of $83.20.

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.