Emerald Mutual Fund Advisers Trust Acquires 40,184 Shares of Axos Financial, Inc. (NYSE:AX)

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 10.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 422,460 shares of the company’s stock after purchasing an additional 40,184 shares during the period. Axos Financial accounts for 1.4% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 18th biggest holding. Emerald Mutual Fund Advisers Trust owned about 0.74% of Axos Financial worth $26,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AX. Mercer Global Advisors Inc. ADV boosted its stake in Axos Financial by 5.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after acquiring an additional 266 shares in the last quarter. CWM LLC boosted its stake in Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Axos Financial by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after acquiring an additional 281 shares in the last quarter. GAMMA Investing LLC boosted its stake in Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after acquiring an additional 308 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in Axos Financial by 5.8% in the second quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock valued at $330,000 after acquiring an additional 316 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.07% of the stock is owned by corporate insiders.

Axos Financial Trading Down 2.8 %

Shares of Axos Financial stock opened at $65.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a fifty day moving average price of $64.88 and a 200 day moving average price of $61.57. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $79.15. The stock has a market cap of $3.75 billion, a PE ratio of 7.97 and a beta of 1.39.

Axos Financial (NYSE:AX) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 19.47%. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter last year, the company posted $1.41 earnings per share. Equities research analysts predict that Axos Financial, Inc. will post 7.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of a number of research analyst reports. Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Raymond James raised their price target on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Needham & Company LLC raised their price target on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.80.

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.