Charles Schwab Investment Management Inc. Reduces Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Charles Schwab Investment Management Inc. decreased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672,842 shares of the company's stock after selling 8,545 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.18% of Axos Financial worth $42,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC grew its position in Axos Financial by 74.0% in the 3rd quarter. Intech Investment Management LLC now owns 27,441 shares of the company's stock worth $1,725,000 after purchasing an additional 11,674 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Axos Financial by 33.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company's stock worth $123,000 after acquiring an additional 496 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Axos Financial during the 3rd quarter worth about $1,641,000. Natixis Advisors LLC lifted its stake in shares of Axos Financial by 14.9% during the third quarter. Natixis Advisors LLC now owns 21,030 shares of the company's stock valued at $1,322,000 after acquiring an additional 2,727 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Axos Financial in the third quarter worth $800,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Buying and Selling

In related news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,199 shares of company stock worth $10,882,135 over the last three months. 5.07% of the stock is owned by insiders.

Axos Financial Stock Performance

AX stock traded down $2.02 during midday trading on Monday, reaching $80.83. 507,801 shares of the company's stock traded hands, compared to its average volume of 576,528. Axos Financial, Inc. has a 52-week low of $41.06 and a 52-week high of $88.46. The stock has a market cap of $4.61 billion, a P/E ratio of 9.89 and a beta of 1.38. The stock's 50-day moving average is $70.71 and its 200 day moving average is $65.14. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter last year, the business posted $1.41 earnings per share. As a group, analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on AX. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Wedbush reduced their target price on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Needham & Company LLC lifted their price target on Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered Axos Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, November 13th. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $79.80.

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.