Geneva Capital Management LLC Sells 8,620 Shares of Axos Financial, Inc. (NYSE:AX)

Geneva Capital Management LLC cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 699,900 shares of the company's stock after selling 8,620 shares during the quarter. Geneva Capital Management LLC owned approximately 1.23% of Axos Financial worth $48,888,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in Axos Financial in the 4th quarter valued at $35,000. Farther Finance Advisors LLC lifted its stake in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after acquiring an additional 582 shares during the period. Ashton Thomas Securities LLC bought a new position in Axos Financial in the third quarter valued at about $41,000. Kestra Investment Management LLC bought a new stake in Axos Financial during the 4th quarter worth about $52,000. Finally, US Bancorp DE raised its holdings in Axos Financial by 325.2% during the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company's stock worth $65,000 after purchasing an additional 787 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Down 2.7 %

AX stock traded down $1.74 during mid-day trading on Monday, hitting $62.92. 717,187 shares of the company were exchanged, compared to its average volume of 513,817. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The firm's 50 day simple moving average is $69.36 and its 200 day simple moving average is $70.36. The firm has a market cap of $3.59 billion, a P/E ratio of 8.46 and a beta of 1.45.

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Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS 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%. On average, sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on AX. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. 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. Finally, DA Davidson decreased 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was purchased 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 in the company, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.07% of the company's stock.

About Axos Financial

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.