Axos Financial, Inc $AX Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Axos Financial, Inc (NYSE:AX) by 281.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,419 shares of the company’s stock after buying an additional 29,833 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Axos Financial worth $3,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Axos Financial by 10.5% during the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock worth $180,832,000 after acquiring an additional 226,892 shares in the last quarter. Ameriprise Financial Inc. increased its position in Axos Financial by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of Axos Financial by 6.0% during the 2nd quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock worth $56,222,000 after purchasing an additional 42,126 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Axos Financial by 3.7% during the 2nd quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock valued at $42,095,000 after buying an additional 20,005 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Axos Financial by 62.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock valued at $21,538,000 after buying an additional 99,042 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AX has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and set a $107.00 price target on shares of Axos Financial in a research note on Friday, January 16th. Finally, DA Davidson raised their price target on shares of Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.42.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $92.91 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $99.82. The firm has a fifty day simple moving average of $87.52 and a 200-day simple moving average of $85.88. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 12.44 and a beta of 1.26.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.86 by $0.21. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. The firm had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. During the same period last year, the company posted $1.96 EPS. On average, sell-side analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 2,145 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $84.59, for a total value of $181,445.55. Following the transaction, the director directly owned 46,209 shares in the company, valued at $3,908,819.31. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tamara N. Bohlig sold 2,145 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the sale, the director owned 12,919 shares of the company’s stock, valued at approximately $1,114,005.37. This represents a 14.24% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.