Y Intercept Hong Kong Ltd Acquires New Shares in Axos Financial, Inc. (NYSE:AX)

Y Intercept Hong Kong Ltd bought a new stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,301 shares of the company's stock, valued at approximately $836,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Axos Financial in the third quarter valued at $27,000. Hollencrest Capital Management bought a new stake in shares of Axos Financial in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 582 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Axos Financial during the third quarter worth about $41,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Axos Financial in the second quarter worth about $49,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Price Performance

Shares of NYSE AX traded up $0.20 during mid-day trading on Friday, reaching $79.62. 264,882 shares of the company traded hands, compared to its average volume of 565,531. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a market cap of $4.55 billion, a PE ratio of 9.64 and a beta of 1.42. The stock has a fifty day simple moving average of $74.28 and a 200-day simple moving average of $66.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. During the same quarter last year, the business posted $1.41 earnings per share. Equities research analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Wedbush lowered their price objective 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. Finally, StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Axos Financial presently has an average rating of "Moderate Buy" and a consensus price target of $83.20.

Insider Activity

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

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.