Exchange Traded Concepts LLC Grows Holdings in Axos Financial, Inc. (NYSE:AX)

Exchange Traded Concepts LLC increased its stake in Axos Financial, Inc. (NYSE:AX) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,621 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Axos Financial were worth $1,091,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. bought a new stake in shares of Axos Financial in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in Axos Financial during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its holdings in Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after acquiring an additional 308 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Axos Financial by 325.2% in the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company’s stock valued at $65,000 after acquiring an additional 787 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Up 0.2 %

AX stock opened at $72.61 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $74.98 and its 200 day simple moving average is $70.32. The stock has a market cap of $4.15 billion, a PE ratio of 8.79 and a beta of 1.46. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. As a group, sell-side analysts predict that Axos Financial, Inc. will post 7.07 EPS for the current year.

Insiders Place Their Bets

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. 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 business’s stock in a transaction on 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 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 represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Axos Financial in a report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $83.20.

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.