Axos Financial, Inc. (NYSE:AX) Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. lessened its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,826 shares of the company's stock after selling 4,682 shares during the period. Aviso Financial Inc.'s holdings in Axos Financial were worth $756,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hancock Whitney Corp increased its stake in Axos Financial by 1.3% in the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company's stock worth $687,000 after buying an additional 142 shares during the period. Crossmark Global Holdings Inc. increased its stake in Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock worth $241,000 after buying an additional 162 shares during the period. Illinois Municipal Retirement Fund increased its stake in Axos Financial by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after buying an additional 196 shares during the period. Versor Investments LP increased its stake in Axos Financial by 5.3% in the 4th quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after buying an additional 200 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in Axos Financial by 2.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock worth $948,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Raymond James reiterated an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Needham & Company LLC increased their target price 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. DA Davidson dropped their target price on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their target price 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Axos Financial presently has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Axos Financial Stock Up 1.3 %

Shares of NYSE:AX traded up $0.82 during trading on Wednesday, reaching $64.23. The stock had a trading volume of 433,994 shares, compared to its average volume of 507,749. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The company has a market capitalization of $3.67 billion, a P/E ratio of 8.63 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $68.37 and its 200 day simple moving average is $70.09.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity

In related news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.07% of the company's stock.

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.