Axos Financial, Inc (NYSE:AX) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 94.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,017 shares of the company's stock after purchasing an additional 3,901 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Axos Financial were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AX. SummerHaven Investment Management LLC boosted its stake in Axos Financial by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company's stock worth $864,000 after buying an additional 206 shares in the last quarter. 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 worth $511,000 after acquiring an additional 241 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Axos Financial by 4.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,717 shares of the company's stock worth $399,000 after acquiring an additional 254 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of Axos Financial by 2.5% in the fourth quarter. Hancock Whitney Corp now owns 11,202 shares of the company's stock valued at $782,000 after buying an additional 271 shares in the last quarter. Finally, World Investment Advisors grew its stake in shares of Axos Financial by 8.5% in the fourth quarter. World Investment Advisors now owns 3,821 shares of the company's stock valued at $267,000 after buying an additional 300 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was 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 owned 113,295 shares in the company, valued at $7,714,256.55. This trade represents a 20.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.07% of the company's stock.

Axos Financial Stock Up 1.6%

Shares of NYSE AX traded up $1.34 during trading on Tuesday, reaching $84.34. The company had a trading volume of 119,562 shares, compared to its average volume of 471,817. The stock has a market cap of $4.75 billion, a PE ratio of 11.49 and a beta of 1.29. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $88.46. The business's 50-day moving average is $71.98 and its 200 day moving average is $68.34.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. During the same quarter in the prior year, the company earned $1.91 earnings per share. As a group, equities analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial declared that its board has initiated a share buyback plan on Monday, May 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have commented on AX. Wall Street Zen downgraded Axos Financial from a "hold" rating to a "sell" rating in a research note on Saturday. Raymond James Financial upped their target price on Axos Financial from $72.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday. Needham & Company LLC upped their target price on Axos Financial from $88.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price on the stock. Finally, DA Davidson reduced their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.86.

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.