Horizon Investment Services LLC Purchases 10,913 Shares of Axos Financial, Inc $AX

Horizon Investment Services LLC lifted its position in Axos Financial, Inc (NYSE:AX) by 297.1% in the third quarter, Holdings Channel.com reports. The firm owned 14,586 shares of the company’s stock after purchasing an additional 10,913 shares during the quarter. Horizon Investment Services LLC’s holdings in Axos Financial were worth $1,235,000 at the end of the most recent reporting period.

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

Axos Financial Stock Up 1.4%

Shares of NYSE:AX opened at $99.15 on Thursday. The stock’s 50-day moving average is $89.58 and its 200 day moving average is $86.39. The company has a market cap of $5.62 billion, a PE ratio of 12.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $100.83.

Axos Financial (NYSE:AX) last released its quarterly earnings data 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. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The business had revenue of $385.09 million during the quarter, compared to analysts’ expectations of $345.89 million. During the same quarter last year, the business posted $1.82 EPS. The business’s revenue was up 25.1% on a year-over-year basis. Sell-side analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Edward James Ratinoff sold 2,145 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tamara N. Bohlig sold 2,145 shares of Axos Financial stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the sale, the director directly owned 12,919 shares in the company, valued at $1,114,005.37. The trade was a 14.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.85% of the company’s stock.

Analyst Ratings Changes

AX has been the topic of a number of analyst reports. Zacks Research upgraded shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group lifted their price objective on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 30th. DA Davidson increased their target price on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $104.50.

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.