Gator Capital Management LLC Has $15.19 Million Holdings in Axos Financial, Inc $AX

Gator Capital Management LLC grew its position in shares of Axos Financial, Inc (NYSE:AX) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,340 shares of the company’s stock after purchasing an additional 22,285 shares during the period. Axos Financial comprises about 3.1% of Gator Capital Management LLC’s holdings, making the stock its 5th largest holding. Gator Capital Management LLC’s holdings in Axos Financial were worth $15,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Axos Financial by 1.5% during the third quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after purchasing an additional 35,391 shares during the last quarter. Geode Capital Management LLC lifted its stake in Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Axos Financial by 1.5% in the 3rd quarter. Northern Trust Corp now owns 689,760 shares of the company’s stock valued at $58,388,000 after acquiring an additional 10,097 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Axos Financial by 9.9% in the 4th quarter. Franklin Resources Inc. now owns 455,161 shares of the company’s stock valued at $39,217,000 after acquiring an additional 40,983 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AX shares. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Weiss Ratings lowered Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Finally, Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.40.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $90.21 on Friday. 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 company has a market cap of $5.13 billion, a PE ratio of 10.96 and a beta of 1.24. The business has a 50 day moving average of $89.69 and a 200 day moving average of $89.51. Axos Financial, Inc has a 52 week low of $69.25 and a 52 week high of $101.92.

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

Insider Buying and Selling

In other news, Director Roque A. Santi sold 500 shares of the firm’s 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 owned 7,646 shares in the company, valued at $671,089.42. This trade represents a 6.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. The trade was a 26.47% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

About Axos Financial

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.