Axos Financial, Inc $AX Shares Acquired 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 raised its holdings in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 825.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,000 shares of the company's stock after acquiring an additional 99,000 shares during the period. Axos Financial comprises approximately 5.7% of Militia Capital Partners LP's portfolio, making the stock its 3rd biggest holding. Militia Capital Partners LP owned about 0.20% of Axos Financial worth $7,162,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in Axos Financial during the 4th quarter valued at $35,000. GAMMA Investing LLC increased its holdings in Axos Financial by 39.2% during the 1st 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 bought a new position in Axos Financial during the 1st quarter valued at approximately $119,000. Palouse Capital Management Inc. lifted its holdings in Axos Financial by 37.2% in the 1st quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock worth $171,000 after buying an additional 718 shares during the period. Finally, Strs Ohio bought a new stake in shares of Axos Financial in the 1st quarter worth approximately $194,000. 83.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Candace L. Thiele sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the transaction, the executive vice president directly owned 23 shares of the company's stock, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew J. Micheletti sold 13,960 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the transaction, the executive vice president directly owned 67,460 shares in the company, valued at $5,759,734.80. This trade represents a 17.15% decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Axos Financial Price Performance

Shares of AX stock traded up $0.42 during mid-day trading on Wednesday, hitting $88.66. The company had a trading volume of 118,077 shares, compared to its average volume of 380,617. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day moving average price is $87.59 and its 200-day moving average price is $74.52. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The company has a market capitalization of $5.01 billion, a P/E ratio of 11.89 and a beta of 1.32.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.12. The firm had revenue of $321.45 million during the quarter, compared to analyst estimates of $311.73 million. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. Axos Financial's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of a number of research reports. Wall Street Zen upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC lifted their price target on shares of Axos Financial from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial restated an "outperform" rating and issued a $95.00 price objective (up previously from $90.00) on shares of Axos Financial in a report on Thursday, July 31st. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $90.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group began coverage on Axos Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.86.

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.