Quantbot Technologies LP Cuts Stake in Axos Financial, Inc. (NYSE:AX)

Quantbot Technologies LP lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 59.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,688 shares of the company's stock after selling 44,627 shares during the quarter. Quantbot Technologies LP owned about 0.05% of Axos Financial worth $2,144,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Axos Financial during the 3rd quarter valued at $800,000. Natixis Advisors LLC grew its holdings in Axos Financial by 14.9% during the 3rd quarter. Natixis Advisors LLC now owns 21,030 shares of the company's stock valued at $1,322,000 after buying an additional 2,727 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Axos Financial by 33.9% during the third quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company's stock valued at $123,000 after buying an additional 496 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Axos Financial by 74.0% in the third quarter. Intech Investment Management LLC now owns 27,441 shares of the company's stock worth $1,725,000 after buying an additional 11,674 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Axos Financial in the third quarter valued at approximately $230,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.07% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Axos Financial Trading Down 1.0 %

NYSE:AX traded down $0.66 during midday trading on Thursday, reaching $64.86. 275,894 shares of the stock traded hands, compared to its average volume of 508,255. The stock has a market capitalization of $3.70 billion, a P/E ratio of 8.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $67.95 and a 200 day moving average of $70.00. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46.

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

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.