Axos Financial, Inc. (NYSE:AX) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,633 shares of the company's stock after selling 6,971 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Axos Financial worth $2,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AX. American Century Companies Inc. raised its holdings in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after purchasing an additional 321,494 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after purchasing an additional 190,584 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Axos Financial in the 2nd quarter valued at about $5,077,000. Principal Financial Group Inc. raised its holdings in shares of Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after purchasing an additional 70,017 shares in the last quarter. Finally, Emerald Advisers LLC raised its holdings in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock valued at $31,789,000 after purchasing an additional 63,458 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

NYSE:AX traded up $0.75 during trading hours on Friday, hitting $80.85. 251,204 shares of the company were exchanged, compared to its average volume of 571,259. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 9.70 and a beta of 1.42. Axos Financial, Inc. has a 52-week low of $43.32 and a 52-week high of $88.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company's 50 day moving average price is $72.05 and its 200-day moving average price is $65.62.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, research analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory Garrabrants sold 125,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock valued at $10,882,135 in the last ninety days. Insiders own 5.07% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wedbush reduced their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research note on Wednesday. Needham & Company LLC boosted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.20.

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.