Wealth Enhancement Advisory Services LLC Makes New $288,000 Investment in Axos Financial, Inc. (NYSE:AX)

Wealth Enhancement Advisory Services LLC bought a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,116 shares of the company's stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial during the fourth quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial in the fourth quarter worth $52,000. NewEdge Advisors LLC boosted 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. SRS Capital Advisors Inc. increased its position in Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after buying an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock worth $88,000 after buying an additional 849 shares during the period. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of NYSE:AX traded up $0.28 during trading on Tuesday, hitting $70.41. 27,285 shares of the company were exchanged, compared to its average volume of 474,714. Axos Financial, Inc. has a 52-week low of $51.81 and a 52-week high of $88.46. The stock has a 50 day moving average of $67.07 and a 200 day moving average of $68.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $3.97 billion, a PE ratio of 9.47 and a beta of 1.29.

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

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

Insiders Place Their Bets

In related news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 113,295 shares of the company's stock, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on AX. Jefferies Financial Group started coverage on Axos Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price objective for the company. DA Davidson lowered their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Raymond James reiterated an "outperform" rating and set a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Wall Street Zen lowered shares of Axos Financial from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Needham & Company LLC reissued a "buy" rating and set a $88.00 price target on shares of Axos Financial in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.71.

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.