Axos Financial, Inc. (NYSE:AX) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 55.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,329 shares of the company’s stock after buying an additional 2,248 shares during the quarter. Csenge Advisory Group’s holdings in Axos Financial were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AX. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new position in Axos Financial during the third quarter worth $41,000. Farther Finance Advisors LLC raised its holdings in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares during the last quarter. US Bancorp DE lifted its position in shares of Axos Financial by 325.2% in the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock valued at $65,000 after acquiring an additional 787 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Axos Financial during the fourth quarter valued at $66,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 0.3 %

Shares of AX stock opened at $70.19 on Wednesday. The stock has a 50-day simple moving average of $71.60 and a 200 day simple moving average of $70.17. The stock has a market capitalization of $4.01 billion, a P/E ratio of 9.43 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, sell-side analysts expect that Axos Financial, Inc. will post 7.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AX shares. Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average target price of $84.17.

Axos Financial Profile

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.