1,300 Shares in Axos Financial, Inc $AX Acquired by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. acquired a new stake in shares of Axos Financial, Inc (NYSE:AX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,300 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds have also added to or reduced their stakes in AX. IFP Advisors Inc grew its stake in shares of Axos Financial by 360.7% in the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after acquiring an additional 386 shares during the last quarter. Quarry LP bought a new position in Axos Financial in the 1st quarter worth about $119,000. GAMMA Investing LLC grew its position in Axos Financial by 6.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock valued at $149,000 after purchasing an additional 126 shares during the last quarter. Strs Ohio bought a new position in shares of Axos Financial in the first quarter worth approximately $194,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Axos Financial in the second quarter worth $208,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Trading Up 2.3%

Shares of Axos Financial stock opened at $80.87 on Thursday. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $93.84. The company’s fifty day simple moving average is $85.01 and its 200-day simple moving average is $79.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.58 billion, a PE ratio of 10.84 and a beta of 1.29.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million for the quarter, compared to analysts’ expectations of $319.96 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.During the same period last year, the firm earned $1.96 EPS. As a group, equities analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of Axos Financial stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the transaction, the executive vice president directly owned 23 shares of the company’s stock, valued at $2,073.22. The trade was a 96.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AX has been the subject of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. DA Davidson increased their price objective on shares of Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Wall Street Zen upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods raised their price target on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Axos Financial has an average rating of “Moderate Buy” and an average target price of $97.17.

Axos Financial Company 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.