GSA Capital Partners LLP Acquires 11,833 Shares of Axos Financial, Inc (NYSE:AX)

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 raised its position in shares of 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 Securities & Exchange Commission. The firm owned 22,894 shares of the company's stock after buying an additional 11,833 shares during the period. GSA Capital Partners LLP's holdings in Axos Financial were worth $1,477,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director directly owned 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.07% of the stock is owned by company insiders.

Axos Financial Price Performance

NYSE:AX traded down $1.97 during mid-day trading on Friday, hitting $84.38. 537,504 shares of the stock traded hands, compared to its average volume of 342,041. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $88.46. The company has a market cap of $4.76 billion, a PE ratio of 11.31 and a beta of 1.32. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The business's 50-day moving average price is $77.92 and its 200 day moving average price is $70.31.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating 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 net margin of 22.24% and a return on equity of 17.11%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. On average, analysts expect that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Axos Financial declared that its board has authorized 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 typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

AX has been the topic of several research reports. Wall Street Zen upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler lowered their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group began coverage on shares of 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 boosted their target price on shares of Axos Financial from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, DA Davidson upped their price target on shares of Axos Financial from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.