Csenge Advisory Group Invests $1.11 Million in Axos Financial, Inc $AX

Csenge Advisory Group bought a new stake in shares of Axos Financial, Inc (NYSE:AX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,370 shares of the company’s stock, valued at approximately $1,107,000.

Several other institutional investors and hedge funds have also bought and sold shares of AX. Jackson Creek Investment Advisors LLC boosted its position in Axos Financial by 714.0% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock valued at $1,786,000 after buying an additional 18,179 shares during the period. Kennedy Capital Management LLC grew its holdings in Axos Financial by 12.3% in the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock worth $26,618,000 after acquiring an additional 33,854 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Axos Financial by 4.9% in the first quarter. Principal Financial Group Inc. now owns 353,951 shares of the company’s stock valued at $30,118,000 after acquiring an additional 16,627 shares during the period. Geode Capital Management LLC increased its position in shares of Axos Financial by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after acquiring an additional 62,269 shares during the period. Finally, Stieven Capital Advisors L.P. raised its stake in shares of Axos Financial by 8.0% during the fourth quarter. Stieven Capital Advisors L.P. now owns 255,859 shares of the company’s stock valued at $22,045,000 after acquiring an additional 18,900 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Benchmark upped their price target on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. DA Davidson set a $121.00 price objective on Axos Financial in a report on Friday, July 31st. Finally, Needham & Company LLC lifted their price objective on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.67.

Axos Financial Stock Down 1.6%

Shares of NYSE AX opened at $96.14 on Thursday. The firm has a fifty day simple moving average of $96.92 and a two-hundred day simple moving average of $92.52. Axos Financial, Inc has a 12 month low of $74.89 and a 12 month high of $105.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.47 billion, a PE ratio of 11.35 and a beta of 1.22.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The firm had revenue of $379.77 million for the quarter, compared to analyst estimates of $375.54 million. During the same quarter in the previous year, the firm posted $1.94 EPS. Equities analysts expect that Axos Financial, Inc will post 9.59 earnings per share for the current year.

Insider Buying and Selling

In other Axos Financial news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.85% of the stock is owned by company insiders.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.