Thrivent Financial for Lutherans Sells 13,577 Shares of Axos Financial, Inc. (NYSE:AX)

Thrivent Financial for Lutherans lessened its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,672 shares of the company's stock after selling 13,577 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Axos Financial worth $4,562,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cibc World Markets Corp acquired a new position in shares of Axos Financial in the 4th quarter worth $357,000. Gallacher Capital Management LLC purchased a new position in Axos Financial in the 4th quarter worth about $355,000. Natixis Advisors LLC raised its holdings in Axos Financial by 3.7% during the 4th quarter. Natixis Advisors LLC now owns 21,814 shares of the company's stock worth $1,524,000 after buying an additional 784 shares during the period. Vestcor Inc lifted its stake in Axos Financial by 274.1% during the fourth quarter. Vestcor Inc now owns 16,478 shares of the company's stock valued at $1,151,000 after buying an additional 12,073 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Axos Financial by 0.7% in the fourth quarter. Swiss National Bank now owns 106,400 shares of the company's stock worth $7,432,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced 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 report on Wednesday, January 29th. DA Davidson reduced their target price on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Raymond James restated an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.17.

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Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Stock Down 1.7 %

Shares of Axos Financial stock traded down $1.11 during trading on Friday, hitting $63.61. 221,503 shares of the stock traded hands, compared to its average volume of 526,020. The company has a fifty day moving average price of $67.66 and a two-hundred day moving average price of $69.97. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market cap of $3.63 billion, a P/E ratio of 8.55 and a beta of 1.45. 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 (NYSE:AX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (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%. Equities research analysts predict that Axos Financial, Inc. will post 7.22 EPS 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.