Empowered Funds LLC Invests $800,000 in Axos Financial, Inc. (NYSE:AX)

Empowered Funds LLC bought a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, Holdings Channel.com reports. The firm bought 12,718 shares of the company’s stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Axos Financial by 36.7% in the first quarter. Russell Investments Group Ltd. now owns 18,447 shares of the company’s stock worth $997,000 after buying an additional 4,957 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Axos Financial by 19.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,460 shares of the company’s stock worth $2,727,000 after acquiring an additional 8,322 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 441 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Axos Financial by 122.5% during the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after purchasing an additional 496 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Axos Financial by 38.4% in the 1st quarter. Quadrature Capital Ltd now owns 10,030 shares of the company’s stock valued at $542,000 after purchasing an additional 2,783 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,199 shares of company stock valued at $10,882,135. Insiders own 5.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AX shares. Wedbush reduced their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Piper Sandler upped their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC raised their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has an average rating of “Hold” and an average price target of $79.80.

Axos Financial Price Performance

Shares of NYSE:AX opened at $84.66 on Friday. The business has a fifty day simple moving average of $68.90 and a 200 day simple moving average of $64.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $85.54. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 10.25 and a beta of 1.38.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the previous year, the company earned $1.41 EPS. As a group, sell-side analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

About Axos Financial

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.