Stieven Capital Advisors L.P. lessened its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 285,333 shares of the company's stock after selling 43,100 shares during the quarter. Axos Financial accounts for approximately 3.4% of Stieven Capital Advisors L.P.'s holdings, making the stock its 10th largest holding. Stieven Capital Advisors L.P. owned 0.50% of Axos Financial worth $17,942,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Crossmark Global Holdings Inc. increased its position in shares of Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock valued at $241,000 after acquiring an additional 162 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Axos Financial by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company's stock valued at $302,000 after purchasing an additional 266 shares during the last quarter. CWM LLC increased its holdings in shares of Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company's stock valued at $298,000 after purchasing an additional 269 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Axos Financial by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company's stock worth $1,008,000 after purchasing an additional 281 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company's stock worth $62,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.
Axos Financial Stock Performance
NYSE AX traded down $0.42 during mid-day trading on Friday, reaching $80.16. 581,554 shares of the stock were exchanged, compared to its average volume of 565,540. The company has a market capitalization of $4.58 billion, a P/E ratio of 9.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The business's 50 day moving average is $67.01 and its 200-day moving average is $63.53. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $85.54.
Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same period in the prior year, the company posted $1.41 EPS. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.
Analyst Ratings Changes
AX has been the topic of several research reports. StockNews.com downgraded shares of Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Needham & Company LLC increased their price objective 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 target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Finally, Raymond James increased their price target on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Axos Financial currently has a consensus rating of "Hold" and a consensus price target of $79.80.
Read Our Latest Stock Analysis on Axos Financial
Insider Activity
In other news, CEO Gregory Garrabrants sold 125,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares of the company's stock, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock worth $10,882,135 in the last quarter. Corporate insiders own 5.07% of the company's stock.
Axos Financial Profile
(
Free Report)
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.
Further Reading
Before you consider Axos Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axos Financial wasn't on the list.
While Axos Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.