Rice Hall James & Associates LLC lowered its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 76.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,831 shares of the company's stock after selling 255,056 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.14% of Axos Financial worth $4,957,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. grew 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 valued at $88,568,000 after purchasing an additional 321,494 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company's stock worth $21,847,000 after acquiring an additional 33,366 shares during the period. Millennium Management LLC lifted its holdings in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after purchasing an additional 190,584 shares in the last quarter. Stieven Capital Advisors L.P. increased its stake in shares of Axos Financial by 1.4% in the second quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company's stock worth $18,770,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Axos Financial by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company's stock valued at $14,055,000 after buying an additional 14,953 shares in the last quarter. Institutional investors own 83.79% of the company's stock.
Axos Financial Trading Down 2.5 %
Shares of NYSE AX traded down $1.69 during trading hours on Friday, hitting $66.03. 380,826 shares of the company traded hands, compared to its average volume of 574,753. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 7.99 and a beta of 1.39. The company's 50 day moving average price is $64.96 and its 200 day moving average price is $61.37. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.
Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. Axos Financial had a return on equity of 19.47% and a net margin of 24.07%. During the same quarter in the previous year, the business earned $1.41 EPS. On average, equities research analysts anticipate that Axos Financial, Inc. will post 7.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares of the company's stock, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.07% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms have recently commented on AX. Keefe, Bruyette & Woods boosted 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. Piper Sandler lifted their target price on Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Needham & Company LLC lifted their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average target price of $79.80.
Check Out Our Latest Analysis on AX
Axos Financial Company Profile
(
Free Report)
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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