Axos Financial, Inc. (NYSE:AX) Position Decreased by Shaker Investments LLC OH

Shaker Investments LLC OH reduced its stake in Axos Financial, Inc. (NYSE:AX) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,031 shares of the company’s stock after selling 13,622 shares during the quarter. Axos Financial comprises approximately 12.5% of Shaker Investments LLC OH’s portfolio, making the stock its biggest holding. Shaker Investments LLC OH owned approximately 0.75% of Axos Financial worth $29,758,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Empowered Funds LLC lifted its position in Axos Financial by 28.2% in the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock worth $1,139,000 after buying an additional 3,588 shares during the last quarter. SkyOak Wealth LLC bought a new position in shares of Axos Financial during the 4th quarter valued at $328,000. Heck Capital Advisors LLC purchased a new position in Axos Financial in the 4th quarter worth $35,000. R Squared Ltd bought a new stake in Axos Financial in the fourth quarter worth $66,000. Finally, KBC Group NV grew its stake in shares of Axos Financial by 53.8% during the fourth quarter. KBC Group NV now owns 2,469 shares of the company’s stock valued at $172,000 after buying an additional 864 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AX. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. DA Davidson dropped their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Insider Buying and Selling at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the business’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 directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Stock Down 0.2 %

Shares of NYSE:AX opened at $71.82 on Tuesday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.65 and a beta of 1.45. The stock has a fifty day simple moving average of $72.77 and a two-hundred day simple moving average of $70.30. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share 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%. On average, research analysts anticipate that Axos Financial, Inc. will post 7.18 earnings per share for the current fiscal year.

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.