Sanctuary Advisors LLC Purchases 10,252 Shares of Axos Financial, Inc. (NYSE:AX)

Sanctuary Advisors LLC increased its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 98.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,631 shares of the company's stock after buying an additional 10,252 shares during the quarter. Sanctuary Advisors LLC's holdings in Axos Financial were worth $1,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp raised its position in 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 acquiring an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Axos Financial by 4.4% during the 3rd 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 raised its stake in Axos Financial by 5.3% in 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 during the period. GAMMA Investing LLC lifted its holdings in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company's stock valued at $62,000 after purchasing an additional 308 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Axos Financial by 5.8% during the second quarter. Foundry Partners LLC now owns 5,779 shares of the company's stock worth $330,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AX. Wedbush reduced their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC boosted 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.20.

Axos Financial Trading Up 0.9 %

Shares of AX stock traded up $0.61 during mid-day trading on Friday, reaching $71.73. 1,642,380 shares of the stock traded hands, compared to its average volume of 569,139. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 8.68 and a beta of 1.42. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $75.57 and its two-hundred day simple moving average is $67.19. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share 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 business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, research analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Axos Financial 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.