Aigen Investment Management LP Acquires New Position in Axos Financial, Inc. (NYSE:AX)

Aigen Investment Management LP bought a new position in shares of Axos Financial, Inc. (NYSE:AX) in the third quarter, Holdings Channel reports. The firm bought 5,155 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its stake in shares of Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after acquiring an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after purchasing an additional 266 shares in the last quarter. CWM LLC grew its holdings in shares of Axos Financial by 5.4% in the 2nd quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after buying an additional 269 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Axos Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after buying an additional 281 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after buying an additional 308 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insiders Place Their Bets

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the company’s 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 sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock valued at $10,882,135 in the last 90 days. 5.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AX. Needham & Company LLC raised their price target on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial currently has an average rating of “Hold” and an average target price of $79.80.

Axos Financial Stock Performance

Shares of AX opened at $80.16 on Friday. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 9.70 and a beta of 1.38. Axos Financial, Inc. has a 12 month low of $36.93 and a 12 month high of $85.54. The firm has a fifty day simple moving average of $67.01 and a 200 day simple moving average of $63.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $1.41 earnings per share. Research analysts forecast that Axos Financial, Inc. will post 7.02 EPS 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.