Twinbeech Capital LP Acquires 36,625 Shares of Axos Financial, Inc. (NYSE:AX)

Twinbeech Capital LP grew its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 1,107.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,932 shares of the company's stock after purchasing an additional 36,625 shares during the period. Twinbeech Capital LP owned about 0.07% of Axos Financial worth $2,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC grew its position in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares in the last quarter. R Squared Ltd acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $66,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Activity at Axos Financial

In other news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the purchase, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38% increase in their position. The disclosure for this purchase can be found here. 5.07% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on AX shares. Needham & Company LLC reiterated a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research report on Thursday, May 1st. DA Davidson reduced their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Axos Financial in a research report on Wednesday. They set a "buy" rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Finally, Piper Sandler reduced their price target on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.71.

Axos Financial Price Performance

NYSE:AX traded down $0.13 on Friday, hitting $69.54. The company had a trading volume of 267,513 shares, compared to its average volume of 517,090. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 9.35 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $64.42 and a two-hundred day moving average of $69.94. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the prior year, the firm earned $1.91 EPS. On average, research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial announced that its Board of Directors has approved a stock buyback plan on Monday, May 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Axos Financial Company 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.