Ground Swell Capital LLC Purchases New Position in Axos Financial, Inc. (NYSE:AX)

Ground Swell Capital LLC bought a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,738 shares of the company's stock, valued at approximately $261,000.

Other hedge funds also recently bought and sold shares of the company. Fred Alger Management LLC bought a new stake in shares of Axos Financial in the 4th quarter valued at $494,000. Deutsche Bank AG lifted its holdings in Axos Financial by 143.9% during the fourth quarter. Deutsche Bank AG now owns 92,818 shares of the company's stock worth $6,483,000 after acquiring an additional 54,759 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Axos Financial by 19.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 49,958 shares of the company's stock valued at $3,490,000 after acquiring an additional 7,977 shares during the period. Cetera Investment Advisers increased its holdings in shares of Axos Financial by 11.0% in the fourth quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock worth $555,000 after acquiring an additional 786 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Axos Financial during the fourth quarter worth about $384,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.4 %

Axos Financial stock opened at $68.76 on Friday. The company has a fifty day simple moving average of $62.77 and a 200 day simple moving average of $69.58. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a market cap of $3.88 billion, a P/E ratio of 9.24 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data 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. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million during the quarter, compared to analysts' expectations of $305.04 million. During the same quarter last year, the company earned $1.91 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AX shares. Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a research report on Thursday, May 1st. Raymond James reiterated an "outperform" rating and issued a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. DA Davidson reduced their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Piper Sandler dropped their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial presently has an average rating of "Moderate Buy" and an average price target of $81.50.

Insiders Place Their Bets

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

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.

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