Axos Financial, Inc. (NYSE:AX) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC cut its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 14.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,388 shares of the company's stock after selling 23,152 shares during the period. Lord Abbett & CO. LLC owned approximately 0.24% of Axos Financial worth $8,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Axos Financial by 5.5% in the third quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after buying an additional 164,997 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 worth $88,568,000 after buying an additional 321,494 shares in the last quarter. Geode Capital Management LLC increased its holdings in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock valued at $90,861,000 after buying an additional 91,797 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock worth $72,610,000 after acquiring an additional 292,952 shares in the last quarter. Finally, Geneva Capital Management LLC grew its position in shares of Axos Financial by 0.3% during 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 period. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Trading Down 2.7 %

NYSE:AX traded down $2.10 on Tuesday, hitting $77.10. The stock had a trading volume of 502,692 shares, compared to its average volume of 564,942. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 9.34 and a beta of 1.42. The company has a fifty day moving average price of $74.64 and a two-hundred day moving average price of $66.83. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating 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 business had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. During the same period last year, the business earned $1.41 earnings per share. Equities research analysts expect that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AX shares. Keefe, Bruyette & Woods increased their price target on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Needham & Company LLC lifted their target price 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. Finally, Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.20.

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.