Axos Financial, Inc $AX Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Axos Financial, Inc (NYSE:AX) by 149.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,047 shares of the company’s stock after acquiring an additional 11,402 shares during the period. Savant Capital LLC’s holdings in Axos Financial were worth $1,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AX. IFP Advisors Inc boosted its stake in shares of Axos Financial by 360.7% during the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after purchasing an additional 386 shares during the last quarter. Sprucegrove Investment Management Ltd. acquired a new stake in Axos Financial during the second quarter worth approximately $99,000. Quarry LP purchased a new stake in Axos Financial in the 1st quarter worth approximately $119,000. GAMMA Investing LLC raised its holdings in Axos Financial by 6.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock valued at $149,000 after acquiring an additional 126 shares during the last quarter. Finally, Strs Ohio acquired a new position in Axos Financial in the 1st quarter valued at $194,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Down 0.2%

AX opened at $81.76 on Wednesday. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $93.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.63 billion, a PE ratio of 10.96 and a beta of 1.35. The firm’s fifty day moving average price is $84.22 and its 200 day moving average price is $80.46.

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

Analysts Set New Price Targets

AX has been the subject of several analyst reports. Needham & Company LLC upped their target price on Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a research report on Tuesday, September 23rd. DA Davidson boosted their price objective 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. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.17.

Insiders Place Their Bets

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the transaction, 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 SEC, which is available at this link. 4.85% of the stock is currently 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.