Summit Global Investments Decreases Stock Position in Axos Financial, Inc. (NYSE:AX)

Summit Global Investments decreased its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 62.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,372 shares of the company's stock after selling 12,309 shares during the quarter. Summit Global Investments' holdings in Axos Financial were worth $515,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Axos Financial by 3.4% during the 4th quarter. Teacher Retirement System of Texas now owns 11,512 shares of the company's stock valued at $804,000 after purchasing an additional 374 shares in the last quarter. Xponance Inc. lifted its position in shares of Axos Financial by 42.8% during the 4th quarter. Xponance Inc. now owns 7,990 shares of the company's stock valued at $558,000 after buying an additional 2,393 shares in the last quarter. Boston Partners purchased a new position in Axos Financial during the fourth quarter valued at $29,918,000. Intech Investment Management LLC lifted its holdings in Axos Financial by 43.8% during the fourth quarter. Intech Investment Management LLC now owns 39,467 shares of the company's stock valued at $2,757,000 after purchasing an additional 12,026 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Axos Financial during the fourth quarter worth about $357,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. DA Davidson decreased their price target on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Finally, Raymond James reaffirmed 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

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Insider Activity at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.07% of the stock is currently owned by insiders.

Axos Financial Stock Performance

NYSE AX traded down $1.11 on Friday, reaching $63.61. The stock had a trading volume of 221,503 shares, compared to its average volume of 526,353. The business's 50-day moving average price is $67.66 and its 200 day moving average price is $69.97. The stock has a market cap of $3.63 billion, a P/E ratio of 8.55 and a beta of 1.45. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. 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 (NYSE:AX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) 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%. As a group, equities analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current 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.