Axos Financial, Inc. (NYSE:AX) Shares Sold by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lowered its position in shares of Axos Financial, Inc. (NYSE:AX) by 20.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the company’s stock after selling 800 shares during the period. Bourgeon Capital Management LLC’s holdings in Axos Financial were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AX. State Street Corp increased its stake in Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares during the last quarter. Geode Capital Management LLC raised its holdings in Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the period. Wasatch Advisors LP lifted its position in Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after buying an additional 292,952 shares during the last quarter. Geneva Capital Management LLC boosted its stake in Axos Financial by 0.3% during the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after buying an additional 1,976 shares during the period. Finally, Emerald Advisers LLC increased its position 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 acquiring an additional 63,458 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of Axos Financial stock opened at $72.35 on Wednesday. The business has a 50-day simple moving average of $75.83 and a 200-day simple moving average of $69.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The company has a market cap of $4.13 billion, a PE ratio of 8.76 and a beta of 1.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.41 EPS. On average, equities research analysts forecast that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the subject of a number of research analyst reports. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Wedbush dropped their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Axos Financial in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

Insider Activity

In related news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated 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 $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $317,798.82. Following the transaction, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

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.