Axos Financial, Inc. (NYSE:AX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 13.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,406 shares of the company's stock after selling 13,696 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Axos Financial worth $5,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in Axos Financial by 3.0% in the third quarter. Public Sector Pension Investment Board now owns 114,869 shares of the company's stock valued at $7,223,000 after buying an additional 3,300 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Axos Financial in the 3rd quarter worth approximately $229,000. BNP Paribas Financial Markets boosted its position in shares of Axos Financial by 202.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,521 shares of the company's stock worth $2,611,000 after purchasing an additional 27,792 shares during the period. Quantbot Technologies LP increased its holdings in Axos Financial by 61.0% in the 3rd quarter. Quantbot Technologies LP now owns 75,315 shares of the company's stock valued at $4,736,000 after purchasing an additional 28,526 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its holdings in Axos Financial by 8.5% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 7,510 shares of the company's stock valued at $472,000 after purchasing an additional 591 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm'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 transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AX. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price on Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Finally, Needham & Company LLC increased their price target on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and an average target price of $83.20.

Axos Financial Stock Up 0.6 %

AX stock traded up $0.50 during mid-day trading on Wednesday, reaching $80.01. The company had a trading volume of 301,790 shares, compared to its average volume of 567,839. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 9.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a fifty day simple moving average of $73.14 and a 200 day simple moving average of $66.14.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period last year, the business earned $1.41 EPS. Analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Axos Financial 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.