Verition Fund Management LLC lessened its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 60.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,337 shares of the company's stock after selling 12,745 shares during the quarter. Verition Fund Management LLC's holdings in Axos Financial were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of AX. Hollencrest Capital Management bought a new stake in Axos Financial in the 2nd quarter worth approximately $25,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Axos Financial in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial in the third quarter worth $41,000. Farther Finance Advisors LLC increased its position in 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 last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Axos Financial in the second quarter valued at about $49,000. 83.79% of the stock is owned by hedge funds and other institutional investors.
Axos Financial Stock Down 0.7 %
Shares of AX stock traded down $0.58 on Thursday, hitting $79.43. The stock had a trading volume of 314,578 shares, compared to its average volume of 566,784. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The business has a 50 day moving average price of $73.92 and a 200 day moving average price of $66.32. The company has a market cap of $4.53 billion, a PE ratio of 9.62 and a beta of 1.42.
Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to analysts' expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter last year, the firm earned $1.41 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.
Insider Buying and Selling at Axos Financial
In related news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have weighed in on AX. Needham & Company LLC lifted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Wedbush lowered their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.20.
Read Our Latest Report on AX
About Axos Financial
(
Free Report)
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.
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