PharVision Advisers LLC Buys Shares of 5,812 Axos Financial, Inc $AX

Key Points

• PharVision Advisers LLC has acquired 5,812 shares of AXOS FINANCIAL, INC valued at approximately $375,000 in the 1st quarter, indicating increased institutional interest in the stock.
• Multiple analysts have revised their price targets for AXOS FINANCIAL, with projections ranging from $90.00 to $102.00, reflecting a consensus rating of "Moderate Buy."
• AXOS FINANCIAL reported a quarterly EPS of $1.94, exceeding expectations, and announced a $100 million share buyback program, suggesting confidence in the company's valuation.

PharVision Advisers LLC acquired a new stake in shares of Axos Financial, Inc (NYSE:AX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,812 shares of the company's stock, valued at approximately $375,000.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp boosted its position in Axos Financial by 3.4% during the 4th quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock valued at $511,000 after acquiring an additional 241 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Axos Financial by 71.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,155 shares of the company's stock valued at $639,000 after acquiring an additional 3,810 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Axos Financial by 8.7% during the 4th quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock valued at $47,330,000 after acquiring an additional 54,238 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Axos Financial by 112.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 31,051 shares of the company's stock valued at $2,169,000 after acquiring an additional 16,430 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in Axos Financial during the 4th quarter valued at approximately $201,000. 83.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of Axos Financial stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew J. Micheletti sold 13,960 shares of the business's stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

Axos Financial Price Performance

Axos Financial stock traded up $0.62 during mid-day trading on Wednesday, hitting $91.83. The stock had a trading volume of 202,005 shares, compared to its average volume of 384,621. The firm has a market capitalization of $5.19 billion, a P/E ratio of 12.31 and a beta of 1.32. Axos Financial, Inc has a one year low of $54.46 and a one year high of $93.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $86.86 and its 200 day moving average is $73.67.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating and set a $95.00 target price (up from $90.00) on shares of Axos Financial in a report on Thursday, July 31st. DA Davidson lifted their target price on shares of Axos Financial from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC lifted their target price on shares of Axos Financial from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group initiated coverage on shares of Axos Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price for the company. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.