Ground Swell Capital LLC Invests $261,000 in Axos Financial, Inc. (NYSE:AX)

Ground Swell Capital LLC purchased 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 firm purchased 3,738 shares of the company's stock, valued at approximately $261,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock worth $17,711,000 after buying an additional 32,095 shares during the period. Barclays PLC increased its holdings in Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after purchasing an additional 35,087 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock worth $23,604,000 after purchasing an additional 17,201 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the fourth quarter valued at $9,849,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Buying and Selling

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated 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 sale, the director now owns 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.07% of the stock is owned by insiders.

Axos Financial Stock Performance

Shares of NYSE:AX traded up $0.31 during midday trading on Thursday, hitting $72.73. The stock had a trading volume of 85,658 shares, compared to its average volume of 518,558. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. 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 stock has a 50 day moving average price of $63.28 and a two-hundred day moving average price of $69.73. The company has a market capitalization of $4.10 billion, a PE ratio of 9.77 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The business had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. During the same period in the prior year, the business posted $1.91 EPS. As a group, equities analysts predict 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 authorized a stock repurchase program on Monday, May 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.