Axos Financial, Inc $AX Shares Purchased by Militia Capital Partners LP

Militia Capital Partners LP grew its holdings in shares of Axos Financial, Inc (NYSE:AX) by 13.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Axos Financial makes up 3.3% of Militia Capital Partners LP’s investment portfolio, making the stock its 4th largest holding. Militia Capital Partners LP’s holdings in Axos Financial were worth $8,616,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AX. Eurizon Capital SGR S.p.A. acquired a new position in shares of Axos Financial during the fourth quarter valued at about $26,000. Basepoint Wealth LLC purchased a new position in Axos Financial during the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. purchased a new position in Axos Financial during the third quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after purchasing an additional 333 shares during the last quarter. Finally, Torren Management LLC purchased a new position in Axos Financial during the fourth quarter worth about $36,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the transaction, the director directly owned 7,646 shares in the company, valued at $671,089.42. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares in the company, valued at approximately $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.85% of the stock is owned by insiders.

Axos Financial Stock Down 0.2%

AX opened at $89.41 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 10.86 and a beta of 1.24. Axos Financial, Inc has a twelve month low of $69.25 and a twelve month high of $101.92. The company’s 50-day moving average price is $89.85 and its two-hundred day moving average price is $89.68.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The company had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, equities analysts expect that Axos Financial, Inc will post 8.49 earnings per share for the current year.

Wall Street Analyst Weigh In

AX has been the topic of several analyst reports. Zacks Research cut shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Axos Financial in a report on Monday, March 16th. Weiss Ratings cut shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $110.00 to $100.00 in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.40.

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.