Dynamic Technology Lab Private Ltd Invests $1.44 Million in Axos Financial, Inc. (NYSE:AX)

Dynamic Technology Lab Private Ltd purchased a new stake in Axos Financial, Inc. (NYSE:AX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,926 shares of the company’s stock, valued at approximately $1,442,000.

A number of other large investors have also recently bought and sold shares of AX. Hollencrest Capital Management acquired a new stake in shares of Axos Financial during the second quarter worth approximately $25,000. EntryPoint Capital LLC grew its position in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 441 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in Axos Financial during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in Axos Financial in the 3rd quarter valued at $41,000. Finally, Farther Finance Advisors LLC boosted its stake in Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush reduced their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Raymond James increased 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $79.80.

Insider Activity at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were 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 directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the 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 transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 134,199 shares of company stock worth $10,882,135. 5.07% of the stock is owned by company insiders.

Axos Financial Trading Up 2.3 %

AX opened at $86.60 on Tuesday. The firm’s fifty day moving average is $68.90 and its two-hundred day moving average is $64.32. The firm has a market cap of $4.94 billion, a PE ratio of 10.48 and a beta of 1.38. Axos Financial, Inc. has a twelve month low of $36.93 and a twelve month high of $88.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 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 business had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. During the same quarter last year, the business posted $1.41 EPS. Equities research analysts anticipate that Axos Financial, Inc. will post 7.02 EPS for the current 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.