Amalgamated Bank Buys 322 Shares of Axos Financial, Inc. (NYSE:AX)

Amalgamated Bank boosted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,956 shares of the company’s stock after acquiring an additional 322 shares during the quarter. Amalgamated Bank’s holdings in Axos Financial were worth $1,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in shares of Axos Financial by 24.5% during the 1st quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock worth $313,000 after purchasing an additional 1,142 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Axos Financial by 9.7% during the first quarter. Sei Investments Co. now owns 49,233 shares of the company’s stock worth $2,660,000 after buying an additional 4,370 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Axos Financial by 36.7% during 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 in the last quarter. ProShare Advisors LLC raised its stake in shares of Axos Financial by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,948 shares of the company’s stock valued at $592,000 after acquiring an additional 612 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Axos Financial by 54.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,012 shares of the company’s stock worth $1,352,000 after acquiring an additional 8,770 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Down 1.6 %

NYSE:AX opened at $80.53 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 12-month low of $36.93 and a 12-month high of $85.54. The stock’s fifty day simple moving average is $66.68 and its 200-day simple moving average is $63.19. The firm has a market capitalization of $4.60 billion, a P/E ratio of 9.75 and a beta of 1.38.

Axos Financial (NYSE:AX) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. The company 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. Equities research analysts expect that Axos Financial, Inc. will post 7.02 earnings per share for the current year.

Analyst Ratings Changes

AX has been the subject of several research analyst reports. Raymond James lifted their price objective on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com cut Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC increased their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.80.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the business’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 completion of the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

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.