AlphaMark Advisors LLC Sells 438 Shares of Axos Financial, Inc. (NYSE:AX)

AlphaMark Advisors LLC lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 7.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,091 shares of the company’s stock after selling 438 shares during the quarter. AlphaMark Advisors LLC’s holdings in Axos Financial were worth $320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AX. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Axos Financial by 114.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after purchasing an additional 33,366 shares during the last quarter. Millennium Management LLC boosted its stake in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares during the period. Finally, Stieven Capital Advisors L.P. grew its holdings in Axos Financial by 1.4% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock valued at $18,770,000 after buying an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Down 2.4 %

Shares of AX stock opened at $66.58 on Friday. The firm has a fifty day moving average of $64.43 and a 200-day moving average of $60.31. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 9.03 and a beta of 1.39. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15. 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 (NYSE:AX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter last year, the company earned $1.50 earnings per share. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a report on Wednesday, July 31st. Piper Sandler upped their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Needham & Company LLC initiated coverage on shares of Axos Financial in a research report on Friday, October 11th. They set a “buy” rating and a $82.00 price objective for the company. Finally, Raymond James increased their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and an average price target of $80.20.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.82% of the stock is owned by insiders.

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.