New Age Alpha Advisors LLC Makes New $3.61 Million Investment in Axos Financial, Inc. (NYSE:AX)

New Age Alpha Advisors LLC bought a new stake in Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 51,623 shares of the company’s stock, valued at approximately $3,606,000. New Age Alpha Advisors LLC owned about 0.09% of Axos Financial at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Heck Capital Advisors LLC bought a new position in shares of Axos Financial in the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in shares of Axos Financial in the 4th quarter valued at approximately $52,000. R Squared Ltd acquired a new position in Axos Financial during the fourth quarter valued at approximately $66,000. SRS Capital Advisors Inc. increased its stake in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after purchasing an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Axos Financial by 206.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after purchasing an additional 849 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of Axos Financial stock opened at $63.61 on Friday. The company has a 50 day moving average of $67.66 and a 200-day moving average of $69.97. The company has a market cap of $3.63 billion, a PE ratio of 8.55 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 5.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AX has been the topic of several research analyst reports. DA Davidson dropped their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC increased their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.17.

Axos Financial Profile

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.