Guggenheim Capital LLC Sells 61,547 Shares of Axos Financial, Inc. (NYSE:AX)

Guggenheim Capital LLC decreased its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 94.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,699 shares of the company's stock after selling 61,547 shares during the period. Guggenheim Capital LLC's holdings in Axos Financial were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Axos Financial in the fourth quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in Axos Financial in the fourth quarter worth $52,000. R Squared Ltd purchased a new stake in Axos Financial in the fourth quarter worth $66,000. SRS Capital Advisors Inc. lifted its stake in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after buying an additional 849 shares during the period. Institutional investors own 83.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on AX shares. DA Davidson lowered their price objective on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. 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 research report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.07% of the stock is owned by corporate insiders.

Axos Financial Price Performance

Shares of NYSE:AX opened at $62.72 on Tuesday. 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 business has a fifty day moving average price of $62.67 and a 200-day moving average price of $69.60. The company has a market capitalization of $3.58 billion, a PE ratio of 8.43 and a beta of 1.33.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.

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