Wellington Management Group LLP Trims Stake in Axos Financial, Inc. (NYSE:AX)

Wellington Management Group LLP cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,251 shares of the company's stock after selling 164,557 shares during the period. Wellington Management Group LLP owned about 1.12% of Axos Financial worth $44,791,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $66,000. SRS Capital Advisors Inc. grew its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Axos Financial by 206.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after acquiring an additional 849 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AX. DA Davidson reduced their price objective on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of "Moderate Buy" and an average price target of $84.17.

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Axos Financial Price Performance

NYSE AX traded down $4.38 during trading hours on Thursday, reaching $56.97. 68,560 shares of the stock traded hands, compared to its average volume of 529,667. The stock has a 50 day simple moving average of $65.47 and a two-hundred day simple moving average of $69.68. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year 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 has a market cap of $3.25 billion, a price-to-earnings ratio of 7.66 and a beta of 1.33.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly 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 return on equity of 18.67% and a net margin of 22.10%. On average, analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.07% of the company's stock.

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.