Prudential Financial Inc. Sells 9,240 Shares of Axos Financial, Inc. (NYSE:AX)

Prudential Financial Inc. reduced its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,644 shares of the company's stock after selling 9,240 shares during the period. Prudential Financial Inc. owned 0.23% of Axos Financial worth $9,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in Axos Financial by 33.9% in the third quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company's stock valued at $123,000 after purchasing an additional 496 shares in the last quarter. Citigroup Inc. increased its holdings in Axos Financial by 3.2% during the third quarter. Citigroup Inc. now owns 151,151 shares of the company's stock worth $9,504,000 after buying an additional 4,672 shares during the last quarter. Cerity Partners LLC raised its position in Axos Financial by 27.2% during the third quarter. Cerity Partners LLC now owns 12,251 shares of the company's stock worth $770,000 after acquiring an additional 2,619 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Axos Financial by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 31,977 shares of the company's stock valued at $2,011,000 after acquiring an additional 1,111 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Axos Financial by 202.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,521 shares of the company's stock valued at $2,611,000 after acquiring an additional 27,792 shares during the period. 83.79% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

AX has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Needham & Company LLC boosted their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. DA Davidson reduced their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $5.55 during trading on Thursday, reaching $59.83. 784,447 shares of the company's stock were exchanged, compared to its average volume of 527,078. The company has a market cap of $3.42 billion, a P/E ratio of 8.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The firm's 50-day moving average price is $67.00 and its 200 day moving average price is $70.01.

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

Insider Buying and Selling

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

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.