Axos Financial, Inc $AX Shares Purchased by Empirical Finance LLC

Empirical Finance LLC boosted its stake in shares of Axos Financial, Inc (NYSE:AX) by 86.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,281 shares of the company’s stock after purchasing an additional 82,715 shares during the period. Axos Financial makes up approximately 0.7% of Empirical Finance LLC’s portfolio, making the stock its 24th biggest holding. Empirical Finance LLC’s holdings in Axos Financial were worth $15,170,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Axos Financial by 0.9% in the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock worth $7,031,000 after buying an additional 1,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Axos Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock worth $2,099,000 after acquiring an additional 1,429 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Axos Financial in the 1st quarter worth about $212,000. Cetera Investment Advisers lifted its stake in shares of Axos Financial by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after purchasing an additional 141 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Axos Financial during the 2nd quarter worth about $6,252,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axos Financial

In other news, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roque A. Santi sold 500 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the transaction, the director directly owned 7,646 shares of the company’s stock, valued at $671,089.42. This trade represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 0.6%

NYSE AX opened at $95.75 on Friday. The company’s fifty day simple moving average is $92.06 and its 200-day simple moving average is $91.60. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $102.18. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.45 billion, a P/E ratio of 11.63 and a beta of 1.23.

Axos Financial (NYSE:AX) last posted its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The company had revenue of $392.25 million for the quarter, compared to the consensus estimate of $372.51 million. During the same period last year, the company posted $1.81 earnings per share. Equities research analysts predict that Axos Financial, Inc will post 8.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AX has been the topic of several research reports. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Benchmark started coverage on shares of Axos Financial in a research note on Wednesday, July 8th. They issued a “buy” rating and a $115.00 target price on the stock. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $110.00 to $100.00 in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $110.33.

Axos Financial Company 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.