Axos Financial, Inc. (NYSE:AX) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 86.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,897 shares of the company's stock after selling 23,986 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Axos Financial were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. American Century Companies Inc. lifted its position in Axos Financial by 26.2% during the second 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 during the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock valued at $44,552,000 after acquiring an additional 1,976 shares during the last quarter. Emerald Advisers LLC lifted 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 acquiring an additional 63,458 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company's stock worth $26,564,000 after acquiring an additional 40,184 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after acquiring an additional 190,584 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

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 stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,199 shares of company stock worth $10,882,135. Corporate insiders own 5.07% of the company's stock.

Axos Financial Stock Down 0.5 %

Shares of AX stock traded down $0.37 during mid-day trading on Tuesday, hitting $79.57. The stock had a trading volume of 254,073 shares, compared to its average volume of 581,846. Axos Financial, Inc. has a 12-month low of $36.93 and a 12-month high of $85.54. 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 firm's 50-day moving average is $67.70 and its two-hundred day moving average is $63.84. The firm has a market capitalization of $4.54 billion, a P/E ratio of 9.63 and a beta of 1.38.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AX. StockNews.com cut Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Needham & Company LLC boosted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Wedbush reduced their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. Finally, Piper Sandler boosted their target price on Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $79.80.

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.