Wasatch Advisors LP Sells 97,161 Shares of Axos Financial, Inc. (NYSE:AX)

Wasatch Advisors LP lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,057,576 shares of the company's stock after selling 97,161 shares during the period. Wasatch Advisors LP owned 1.85% of Axos Financial worth $73,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. Heck Capital Advisors LLC acquired a new stake in Axos Financial during the 4th quarter worth about $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC boosted its stake in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares during the period. R Squared Ltd purchased a new position in Axos Financial during the 4th quarter worth approximately $66,000. Finally, SRS Capital Advisors Inc. raised its stake in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after purchasing an additional 773 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of NYSE:AX traded down $0.80 on Monday, hitting $59.41. 86,020 shares of the company were exchanged, compared to its average volume of 529,893. 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's 50 day moving average price is $63.67 and its two-hundred day moving average price is $69.58. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 7.99 and a beta of 1.33.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 18.67% and a net margin of 22.10%. Research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

AX has been the subject of several research reports. Needham & Company LLC raised their price target 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. DA Davidson lowered their price target on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Raymond James reiterated an "outperform" rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lowered 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Insider Buying and Selling

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.07% of the stock is owned by company 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.