AXOS FINANCIAL, INC $AX Stock Holdings Boosted by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP increased its holdings in Axos Financial by 825.0% in Q1, making it the 3rd biggest position in their portfolio.
• Axos Financial reported $1.94 EPS for the last quarter, exceeding estimates, and a 10.5% increase in revenue year-over-year.
• Five analysts rated Axos Financial as a Buy with a consensus target price of $90.86, reflecting positive investment sentiment.

Militia Capital Partners LP lifted its holdings in AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 825.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,000 shares of the company's stock after buying an additional 99,000 shares during the quarter. AXOS FINANCIAL accounts for 5.7% of Militia Capital Partners LP's portfolio, making the stock its 3rd biggest holding. Militia Capital Partners LP owned 0.20% of AXOS FINANCIAL worth $7,162,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of AXOS FINANCIAL during the 4th quarter worth $35,000. GAMMA Investing LLC lifted its stake in shares of AXOS FINANCIAL by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after purchasing an additional 516 shares during the period. Quarry LP purchased a new stake in AXOS FINANCIAL during the first quarter worth about $119,000. Palouse Capital Management Inc. boosted its holdings in AXOS FINANCIAL by 37.2% during the first quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock worth $171,000 after buying an additional 718 shares in the last quarter. Finally, Strs Ohio acquired a new position in AXOS FINANCIAL during the first quarter worth about $194,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

AXOS FINANCIAL Price Performance

AX stock traded down $0.72 during trading on Friday, hitting $91.53. The stock had a trading volume of 199,559 shares, compared to its average volume of 282,828. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 12.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50 day moving average price is $87.36 and its two-hundred day moving average price is $74.26. AXOS FINANCIAL, INC has a 1-year low of $54.46 and a 1-year high of $93.84.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. The business had revenue of $321.45 million during the quarter, compared to the consensus estimate of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 earnings per share. On average, sell-side analysts forecast that AXOS FINANCIAL, INC will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Jefferies Financial Group initiated coverage on AXOS FINANCIAL in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price objective for the company. Needham & Company LLC upped their target price on AXOS FINANCIAL from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen upgraded AXOS FINANCIAL from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, DA Davidson boosted their price objective on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.86.

Insider Buying and Selling at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of AXOS FINANCIAL stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company's stock, valued at $5,759,734.80. The trade was a 17.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Candace L. Thiele sold 700 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the transaction, the executive vice president owned 23 shares in the company, valued at $2,073.22. This trade represents a 96.82% 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.