Axos Financial, Inc. (NYSE:AX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,168 shares of the company's stock after selling 64,613 shares during the period. Allspring Global Investments Holdings LLC owned about 0.31% of Axos Financial worth $11,015,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AX. Hollencrest Capital Management bought a new position in shares of Axos Financial during the 2nd quarter worth approximately $25,000. EntryPoint Capital LLC raised its holdings in shares of Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company's stock worth $27,000 after purchasing an additional 441 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of Axos Financial during the 3rd quarter valued at $27,000. Advisors Asset Management Inc. increased its stake in shares of Axos Financial by 122.5% in the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company's stock worth $49,000 after purchasing an additional 496 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Axos Financial during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Down 2.7 %

Shares of AX stock traded down $1.79 during mid-day trading on Friday, hitting $64.85. The stock had a trading volume of 349,173 shares, compared to its average volume of 578,354. 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 $64.74 and its two-hundred day moving average is $61.05. The firm has a market capitalization of $3.69 billion, a P/E ratio of 8.80 and a beta of 1.39. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the previous year, the business posted $1.50 EPS. On average, analysts predict that Axos Financial, Inc. will post 7.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company's stock, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods cut Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 target price for the company. in a research report on Wednesday, July 31st. Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Raymond James raised their target price on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC began coverage on shares of Axos Financial in a report on Friday, October 11th. They issued a "buy" rating and a $82.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and an average price target of $80.20.

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.