Allspring Global Investments Holdings LLC Decreases Stock Position in Axos Financial, Inc. (NYSE:AX)

Allspring Global Investments Holdings LLC lowered its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,572 shares of the company's stock after selling 42,596 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of Axos Financial worth $9,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial in the fourth quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial in the third quarter valued at about $41,000. Farther Finance Advisors LLC lifted its holdings in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after purchasing an additional 582 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Axos Financial by 325.2% in the third quarter. US Bancorp DE now owns 1,029 shares of the company's stock valued at $65,000 after purchasing an additional 787 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Axos Financial in the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Axos Financial Trading Down 3.2 %

AX stock traded down $2.19 on Friday, hitting $66.02. 399,814 shares of the company were exchanged, compared to its average volume of 404,567. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The business's fifty day moving average is $71.18 and its two-hundred day moving average is $70.15. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.87 and a beta of 1.45.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. As a group, research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share 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.