GSA Capital Partners LLP Reduces Position in Axos Financial, Inc $AX

GSA Capital Partners LLP trimmed its position in Axos Financial, Inc (NYSE:AX) by 56.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 21,589 shares of the company’s stock after selling 27,930 shares during the period. GSA Capital Partners LLP’s holdings in Axos Financial were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Axos Financial by 10.5% in the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock worth $180,832,000 after purchasing an additional 226,892 shares during the last quarter. Ameriprise Financial Inc. raised its position in Axos Financial by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after buying an additional 58,774 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Axos Financial by 6.0% during the 2nd quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock valued at $56,222,000 after acquiring an additional 42,126 shares during the period. Emerald Advisers LLC lifted its stake in 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 acquiring an additional 20,005 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Axos Financial by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 330,886 shares of the company’s stock valued at $28,010,000 after acquiring an additional 50,902 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Axos Financial in a research report on Friday. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Jefferies Financial Group boosted their price target on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, DA Davidson raised their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has a consensus rating of “Buy” and an average price target of $104.50.

Insiders Place Their Bets

In other news, Director Tamara N. Bohlig sold 2,145 shares of Axos Financial stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $86.23, for a total value of $184,963.35. Following the sale, the director directly owned 12,919 shares of the company’s stock, valued at $1,114,005.37. The trade was a 14.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward James Ratinoff sold 2,145 shares of the 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 completion of the transaction, the director directly owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,593 shares of company stock valued at $6,274,883. 4.85% of the stock is owned by corporate insiders.

Axos Financial Stock Performance

NYSE:AX opened at $97.29 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $5.51 billion, a PE ratio of 12.33 and a beta of 1.27. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $101.92. The company has a fifty day moving average of $91.83 and a two-hundred day moving average of $87.08.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.18. The firm had revenue of $385.09 million during the quarter, compared to the consensus estimate of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

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.