5,080 Shares in Axos Financial, Inc. (NYSE:AX) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,080 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds have also recently modified their holdings of AX. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial in the 4th quarter valued at about $52,000. US Bancorp DE raised its holdings in 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. R Squared Ltd acquired a new stake in Axos Financial in the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. raised its holdings in Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

NYSE:AX opened at $63.94 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45. The company has a 50 day moving average price of $68.63 and a 200 day moving average price of $70.17. 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 posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping 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 research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. This 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Axos Financial Company 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.