Wasatch Advisors LP Buys 292,952 Shares of Axos Financial, Inc. (NYSE:AX)

Wasatch Advisors LP raised its stake in Axos Financial, Inc. (NYSE:AX) by 34.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,154,737 shares of the company’s stock after buying an additional 292,952 shares during the period. Wasatch Advisors LP owned about 2.02% of Axos Financial worth $72,610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AX. Hollencrest Capital Management bought a new stake in shares of Axos Financial in the 2nd quarter valued at about $25,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Axos Financial in the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial in the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC grew its position in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Axos Financial by 122.5% during the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AX shares. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods upped their target price on Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC upped their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.80.

Insider Buying and Selling

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is owned by company insiders.

Axos Financial Stock Down 1.0 %

AX stock opened at $82.92 on Friday. The stock’s 50 day simple moving average is $70.71 and its 200 day simple moving average is $65.09. Axos Financial, Inc. has a fifty-two week low of $37.85 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $4.73 billion, a P/E ratio of 10.04 and a beta of 1.38.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. During the same period in the prior year, the business earned $1.41 EPS. On average, research analysts expect that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

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.