Royce & Associates LP Decreases Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Royce & Associates LP trimmed its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,003 shares of the company's stock after selling 11,207 shares during the period. Royce & Associates LP owned about 0.20% of Axos Financial worth $7,357,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after acquiring an additional 321,494 shares during the last quarter. Geneva Capital Management LLC lifted its position in Axos Financial by 0.3% in the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock valued at $44,552,000 after purchasing an additional 1,976 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock valued at $31,789,000 after purchasing an additional 63,458 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company's stock worth $26,564,000 after purchasing an additional 40,184 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Axos Financial by 107.9% in the second quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after purchasing an additional 190,584 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Raymond James increased their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Piper Sandler raised their target price on Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price target on Axos Financial from $72.00 to $74.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Finally, Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $79.80.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial 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 directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was 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. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,199 shares of company stock worth $10,882,135. 5.07% of the stock is owned by insiders.

Axos Financial Stock Down 0.5 %

NYSE:AX opened at $80.16 on Monday. Axos Financial, Inc. has a 1-year low of $36.93 and a 1-year high of $85.54. The company has a market capitalization of $4.58 billion, a PE ratio of 9.70 and a beta of 1.38. The firm's 50-day moving average price is $67.01 and its 200-day moving average price is $63.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last announced its 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 the consensus estimate of $299.59 million. During the same quarter last year, the firm earned $1.41 earnings per share. On average, equities analysts predict that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

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.