Axos Financial, Inc. (NYSE:AX) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,723 shares of the company's stock after selling 137,020 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.51% of Axos Financial worth $20,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Axos Financial in the 4th quarter valued at $35,000. Kestra Investment Management LLC purchased a new position in shares of Axos Financial during the fourth quarter worth about $52,000. R Squared Ltd acquired a new stake in shares of Axos Financial during the fourth quarter worth about $66,000. SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after purchasing an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Axos Financial by 206.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after purchasing an additional 849 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

Shares of AX stock traded down $0.87 during mid-day trading on Tuesday, hitting $56.26. The stock had a trading volume of 605,606 shares, compared to its average volume of 530,002. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week 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 company's 50-day simple moving average is $65.82 and its 200-day simple moving average is $69.77. The firm has a market cap of $3.21 billion, a PE ratio of 7.56 and a beta of 1.33.

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Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS 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%. Sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.07% of the company's stock.

Analysts Set New Price Targets

AX has been the topic of several research analyst reports. StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Raymond James restated an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, DA Davidson reduced their target price 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.17.

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.