B. Riley Wealth Advisors Inc. Increases Stock Holdings in Axos Financial, Inc. (NYSE:AX)

B. Riley Wealth Advisors Inc. increased its holdings in Axos Financial, Inc. (NYSE:AX – Get Rating) by 4.0% in the third quarter, HoldingsChannel.com reports. The fund owned 46,005 shares of the company’s stock after acquiring an additional 1,750 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Axos Financial were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Hulzen Asset Management LLC raised its holdings in Axos Financial by 3.5% in the third quarter. Van Hulzen Asset Management LLC now owns 9,026 shares of the company’s stock worth $309,000 after purchasing an additional 304 shares in the last quarter. Credit Suisse AG raised its holdings in Axos Financial by 0.7% in the third quarter. Credit Suisse AG now owns 46,215 shares of the company’s stock worth $1,582,000 after purchasing an additional 327 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Axos Financial by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,680 shares of the company’s stock worth $1,279,000 after purchasing an additional 339 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Axos Financial by 4.3% in the first quarter. Natixis Advisors L.P. now owns 11,233 shares of the company’s stock worth $521,000 after purchasing an additional 460 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Axos Financial by 13.5% in the second quarter. Captrust Financial Advisors now owns 3,926 shares of the company’s stock worth $141,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 76.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AX. Raymond James downgraded Axos Financial from a “strong-buy” rating to an “outperform” rating and set a $55.00 price objective for the company. in a report on Tuesday, February 21st. Wedbush increased their price objective on Axos Financial from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, January 30th. Finally, Piper Sandler raised their price target on Axos Financial from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

Axos Financial Price Performance

Shares of NYSE:AX opened at $37.58 on Friday. Axos Financial, Inc. has a 1-year low of $33.15 and a 1-year high of $51.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $44.79 and a 200-day moving average price of $40.28. The company has a market capitalization of $2.25 billion, a PE ratio of 8.74 and a beta of 1.46.

Axos Financial (NYSE:AX – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.15. Axos Financial had a return on equity of 16.49% and a net margin of 28.47%. The firm had revenue of $228.24 million during the quarter, compared to the consensus estimate of $217.27 million. During the same period last year, the company earned $1.04 earnings per share. The company’s revenue was up 29.4% on a year-over-year basis. As a group, equities analysts expect that Axos Financial, Inc. will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Andrew J. Micheletti sold 15,000 shares of Axos Financial stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the completion of the sale, the executive vice president now directly owns 524,689 shares in the company, valued at approximately $25,137,849.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Andrew J. Micheletti sold 15,000 shares of Axos Financial stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the completion of the sale, the executive vice president now directly owns 524,689 shares in the company, valued at approximately $25,137,849.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mosich Nick acquired 2,862 shares of Axos Financial stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $34.00 per share, with a total value of $97,308.00. Following the completion of the acquisition, the director now directly owns 80,556 shares in the company, valued at approximately $2,738,904. The disclosure for this purchase can be found here. 4.81% of the stock is owned by corporate insiders.

About Axos Financial

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Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.