GAMMA Investing LLC Has $92,000 Holdings in Axos Financial, Inc. (NYSE:AX)

GAMMA Investing LLC raised its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,318 shares of the company’s stock after buying an additional 336 shares during the quarter. GAMMA Investing LLC’s holdings in Axos Financial were worth $92,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AX. American Century Companies Inc. lifted its holdings in shares of Axos Financial by 26.2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after buying an additional 292,952 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares during the last quarter. State Street Corp raised its stake in shares of Axos Financial by 5.5% in the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after purchasing an additional 164,997 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after purchasing an additional 91,797 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Axos Financial stock opened at $66.76 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average price of $76.77 and a two-hundred day moving average price of $68.93. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a market capitalization of $3.81 billion, a P/E ratio of 8.08 and a beta of 1.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data 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. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AX shares. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC restated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a research note on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.20.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $317,798.82. Following the sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.