Axos Financial, Inc (NYSE:AX) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Axos Financial, acquiring 11,833 shares, which represents a 107.0% increase in its holdings, now totaling 22,894 shares valued at approximately $1.48 million.
• Insider trading activity revealed that Director Paul Grinberg sold 30,000 shares at an average price of $68.09, reducing his holdings by 20.94% to approximately 113,295 shares.
• Research analysts are showing mixed sentiment on Axos Financial with an average rating of "Moderate Buy" and a consensus price target of $85.86, reflecting increased price targets from some firms like Raymond James but reductions from others such as Piper Sandler.

GSA Capital Partners LLP increased its stake in Axos Financial, Inc (NYSE:AX - Free Report) by 107.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,894 shares of the company's stock after purchasing an additional 11,833 shares during the quarter. GSA Capital Partners LLP's holdings in Axos Financial were worth $1,477,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its position in Axos Financial by 25.5% during the 4th quarter. Sei Investments Co. now owns 88,518 shares of the company's stock valued at $6,183,000 after purchasing an additional 18,013 shares during the last quarter. Vanguard Group Inc. grew its holdings in Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after purchasing an additional 49,695 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Axos Financial by 45.8% in the fourth quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company's stock worth $28,680,000 after acquiring an additional 128,932 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Axos Financial in the fourth quarter worth about $223,000. Finally, Alliancebernstein L.P. lifted its position in shares of Axos Financial by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 70,885 shares of the company's stock worth $4,951,000 after buying an additional 532 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Down 2.3%

Shares of Axos Financial stock traded down $1.97 during trading on Friday, reaching $84.38. The company's stock had a trading volume of 537,424 shares, compared to its average volume of 396,145. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 11.31 and a beta of 1.29. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $88.46. The company has a 50-day simple moving average of $77.63 and a two-hundred day simple moving average of $70.21.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. The company had revenue of $321.45 million during the quarter, compared to analyst estimates of $311.73 million. Axos Financial had a return on equity of 17.40% and a net margin of 22.24%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. As a group, equities analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Axos Financial announced that its board has initiated a stock buyback program on Monday, May 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the transaction, the director owned 113,295 shares in the company, valued at $7,714,256.55. The trade was a 20.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AX shares. Piper Sandler decreased their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Raymond James Financial restated an "outperform" rating and set a $95.00 price objective (up from $90.00) on shares of Axos Financial in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on Axos Financial from $90.00 to $94.00 and gave the stock a "market perform" rating in a report on Thursday. Needham & Company LLC increased their price target on Axos Financial from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Jefferies Financial Group initiated coverage on Axos Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.86.

About Axos Financial

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.