Brandywine Global Investment Management LLC Sells 6,617 Shares of Axos Financial, Inc. (NYSE:AX)

Brandywine Global Investment Management LLC lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,524 shares of the company's stock after selling 6,617 shares during the period. Brandywine Global Investment Management LLC owned 0.25% of Axos Financial worth $10,165,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price 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 $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.07% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Needham & Company LLC raised their price target 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. Keefe, Bruyette & Woods decreased their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Raymond James reiterated an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, DA Davidson decreased their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Axos Financial Stock Performance

AX stock traded down $2.15 on Friday, hitting $57.65. The company had a trading volume of 942,153 shares, compared to its average volume of 528,856. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 7.75 and a beta of 1.33. The stock's 50-day simple moving average is $66.72 and its 200 day simple moving average is $69.99.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal 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.