Bank of New York Mellon Corp Sells 43,117 Shares of Axos Financial, Inc. (NYSE:AX)

Bank of New York Mellon Corp trimmed its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,881 shares of the company's stock after selling 43,117 shares during the period. Bank of New York Mellon Corp owned 0.72% of Axos Financial worth $28,700,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hancock Whitney Corp boosted its position in shares of Axos Financial by 1.3% in the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company's stock worth $687,000 after purchasing an additional 142 shares during the period. Crossmark Global Holdings Inc. increased its stake in Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock worth $241,000 after buying an additional 162 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after acquiring an additional 266 shares during the period. New York State Teachers Retirement System lifted its position in shares of Axos Financial by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock valued at $3,012,000 after acquiring an additional 279 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Axos Financial by 2.1% in the third quarter. Amalgamated Bank now owns 15,956 shares of the company's stock worth $1,003,000 after acquiring an additional 322 shares during the period. 83.79% of the stock is owned by institutional investors.

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Axos Financial Price Performance

Axos Financial stock traded up $0.06 during mid-day trading on Wednesday, reaching $62.42. 282,849 shares of the company's stock traded hands, compared to its average volume of 424,286. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 8.39 and a beta of 1.45. The stock has a 50 day moving average of $69.06 and a two-hundred day moving average of $70.30. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 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 analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AX. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. DA Davidson dropped their target price on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Finally, Raymond James reissued an "outperform" rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial 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 company's stock. According to data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average price target of $84.17.

Insider Transactions at Axos Financial

In other news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.07% of the company's stock.

About Axos Financial

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.