Hussman Strategic Advisors Inc. Raises Position in Axos Financial, Inc $AX

Hussman Strategic Advisors Inc. boosted its stake in Axos Financial, Inc (NYSE:AX) by 66.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company’s stock after buying an additional 4,200 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Axos Financial were worth $798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Axos Financial by 360.7% in the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after buying an additional 386 shares during the period. Quarry LP purchased a new stake in Axos Financial in the first quarter worth about $119,000. GAMMA Investing LLC lifted its holdings in Axos Financial by 6.9% in the second quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock worth $149,000 after buying an additional 126 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Axos Financial in the second quarter worth about $208,000. Finally, Dakota Wealth Management purchased a new stake in Axos Financial in the second quarter worth about $215,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AX shares. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Tuesday, October 14th. DA Davidson raised their target price on shares of Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.17.

Axos Financial Price Performance

Shares of AX opened at $79.06 on Wednesday. The company has a market capitalization of $4.47 billion, a P/E ratio of 10.60 and a beta of 1.29. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $85.24 and a 200 day moving average of $79.78. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84.

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

Insider Buying and Selling at Axos Financial

In related news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares of the company’s stock, 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 at the SEC website. 4.85% of the stock is owned by company insiders.

About Axos Financial

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.