Empirical Finance LLC Grows Stake in Axos Financial, Inc $AX

Empirical Finance LLC grew its holdings in shares of Axos Financial, Inc (NYSE:AX) by 31.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,633 shares of the company’s stock after buying an additional 13,118 shares during the period. Empirical Finance LLC’s holdings in Axos Financial were worth $4,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC boosted its holdings in Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after acquiring an additional 237 shares in the last quarter. IFP Advisors Inc raised its holdings in Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after purchasing an additional 386 shares in the last quarter. Sprucegrove Investment Management Ltd. purchased a new stake in shares of Axos Financial in the 2nd quarter worth about $99,000. Quarry LP bought a new stake in shares of Axos Financial during the 1st quarter valued at about $119,000. Finally, GAMMA Investing LLC boosted its stake in shares of Axos Financial by 6.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock valued at $149,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares in the company, valued at $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of research reports. Needham & Company LLC increased their price target on shares of Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wall Street Zen upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. DA Davidson lifted their price target on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price target (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.17.

Axos Financial Price Performance

AX stock opened at $76.34 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $82.95 and a 200-day moving average price of $80.95. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 10.23 and a beta of 1.35.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million during the quarter, compared to analyst estimates of $319.96 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.During the same quarter last year, the company earned $1.96 EPS. Equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

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.