Summit Global Investments Sells 12,309 Shares of Axos Financial, Inc. (NYSE:AX)

Summit Global Investments lowered its stake in Axos Financial, Inc. (NYSE:AX) by 62.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth about $35,000. Kestra Investment Management LLC acquired a new position in Axos Financial during the fourth quarter worth approximately $52,000. R Squared Ltd bought a new stake in Axos Financial in the fourth quarter valued at approximately $66,000. SRS Capital Advisors Inc. lifted its position in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after buying an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after acquiring an additional 849 shares during the period. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of NYSE:AX opened at $67.11 on Tuesday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company’s 50 day moving average price is $68.13 and its two-hundred day moving average price is $70.01. The firm has a market cap of $3.83 billion, a PE ratio of 9.02 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last issued 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%. Equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.07% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Needham & Company LLC increased their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. 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. Raymond James restated an “outperform” rating and set a $80.00 price objective (up previously 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Axos Financial has a consensus rating of “Moderate Buy” and an average target price of $84.17.

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.