Axos Financial, Inc. (NYSE:AX) Shares Purchased by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd increased its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 79.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 82,700 shares of the company's stock after acquiring an additional 36,700 shares during the period. Axos Financial accounts for about 2.1% of Quantedge Capital Pte Ltd's holdings, making the stock its 10th largest position. Quantedge Capital Pte Ltd owned about 0.14% of Axos Financial worth $5,777,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC grew its holdings in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Axos Financial during the 4th quarter worth approximately $66,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares of the company's stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction that occurred 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 purchase, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $0.71 during midday trading on Monday, hitting $71.70. 75,103 shares of the company were exchanged, compared to its average volume of 415,319. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $4.04 billion, a P/E ratio of 9.65 and a beta of 1.25. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The firm has a 50 day simple moving average of $63.68 and a 200-day simple moving average of $69.85.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The company had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same quarter in the previous year, the company posted $1.91 earnings per share. Research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial declared that its board has initiated a share repurchase plan on Monday, May 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AX. Piper Sandler decreased their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and set a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. Raymond James reissued an "outperform" rating and set a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. DA Davidson decreased their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

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.