Proficio Capital Partners LLC Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Proficio Capital Partners LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 18,091 shares of the company’s stock, valued at approximately $1,264,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in Axos Financial during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new stake in Axos Financial during the 4th quarter valued at $52,000. R Squared Ltd bought a new position in shares of Axos Financial during the 4th quarter valued at $66,000. SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after buying an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Axos Financial by 206.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after purchasing an additional 849 shares during the period. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. DA Davidson decreased their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Needham & Company LLC boosted their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Stock Down 0.9 %

Shares of NYSE AX opened at $63.76 on Friday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm’s 50-day moving average is $68.17 and its two-hundred day moving average is $70.01. The company has a market capitalization of $3.64 billion, a PE ratio of 8.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial 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.