13,180 Shares of Axos Financial, Inc $AX Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC purchased a new stake in Axos Financial, Inc (NYSE:AX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,180 shares of the company’s stock, valued at approximately $1,141,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Axos Financial by 4.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,544 shares of the company’s stock valued at $220,000 after acquiring an additional 117 shares during the period. Versant Capital Management Inc lifted its position in Axos Financial by 18.9% during the third quarter. Versant Capital Management Inc now owns 842 shares of the company’s stock worth $73,000 after acquiring an additional 134 shares during the last quarter. Arcus Capital Partners LLC lifted its position in Axos Financial by 5.3% during the second quarter. Arcus Capital Partners LLC now owns 2,775 shares of the company’s stock worth $270,000 after acquiring an additional 139 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Axos Financial by 7.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock worth $188,000 after acquiring an additional 146 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Axos Financial by 42.8% during the first quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company’s stock worth $65,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity

In related news, Director Roque Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the sale, the director directly owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

Axos Financial Stock Performance

Shares of NYSE:AX opened at $88.35 on Friday. The company’s 50 day moving average price is $93.22 and its two-hundred day moving average price is $92.80. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month high of $105.74. The firm has a market cap of $5.02 billion, a PE ratio of 10.43 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The company had revenue of $379.77 million for the quarter, compared to analysts’ expectations of $375.54 million. During the same period last year, the firm earned $1.94 earnings per share. Equities research analysts predict that Axos Financial, Inc will post 9.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods upped their target price on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Benchmark lifted their price target on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. DA Davidson set a $121.00 price target on Axos Financial in a report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $128.00 price target on shares of Axos Financial in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.67.

About Axos Financial

Axos Financial, Inc is the holding company for Axos Bank, a nationwide digital bank that provides banking and financial services to consumers and businesses. The company operates primarily through online and mobile platforms, allowing it to serve customers across the United States without relying on a traditional branch network.

Axos Bank offers personal banking products such as checking and savings accounts, certificates of deposit, mortgages, personal loans and other consumer lending products.