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

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

Other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Axos Financial in the 4th quarter worth approximately $35,000. Western Wealth Management LLC purchased a new position in shares of Axos Financial in the fourth quarter worth $335,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Axos Financial by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,710 shares of the company's stock worth $7,663,000 after acquiring an additional 22,304 shares during the last quarter. Twinbeech Capital LP grew its stake in Axos Financial by 1,107.5% during the fourth quarter. Twinbeech Capital LP now owns 39,932 shares of the company's stock valued at $2,789,000 after acquiring an additional 36,625 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Axos Financial by 55.9% in the 4th quarter. Two Sigma Advisers LP now owns 41,816 shares of the company's stock valued at $2,921,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Trading Up 1.7%

NYSE AX traded up $1.19 during trading hours on Thursday, hitting $70.97. 402,704 shares of the company were exchanged, compared to its average volume of 476,328. Axos Financial, Inc has a 52 week low of $52.77 and a 52 week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $67.43 and a 200 day moving average price of $68.52. The stock has a market cap of $4.00 billion, a PE ratio of 9.67 and a beta of 1.29.

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

Axos Financial declared that its Board of Directors has approved a stock buyback plan on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, Director Paul Grinberg sold 30,000 shares of the company'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 transaction, the director now owns 113,295 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Insiders own 5.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AX shares. DA Davidson dropped their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen downgraded Axos Financial from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Jefferies Financial Group initiated coverage on Axos Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a research note on Monday, June 9th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $72.00 target price (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.