Rafferty Asset Management LLC Sells 33,283 Shares of Axos Financial, Inc. (NYSE:AX)

Rafferty Asset Management LLC trimmed its position in Axos Financial, Inc. (NYSE:AX) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,301 shares of the company’s stock after selling 33,283 shares during the quarter. Rafferty Asset Management LLC owned about 0.17% of Axos Financial worth $6,936,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Boston Partners bought a new position in Axos Financial in the fourth quarter worth approximately $29,918,000. Raymond James Financial Inc. purchased a new stake in shares of Axos Financial during the 4th quarter valued at $16,464,000. American Century Companies Inc. lifted its holdings in shares of Axos Financial by 9.6% during the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after purchasing an additional 163,952 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Axos Financial by 255.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company’s stock valued at $13,946,000 after purchasing an additional 143,474 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Axos Financial during the 4th quarter valued at $9,849,000. 83.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the transaction, the director now owns 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were bought 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 $663,482.50. This represents a 41.38% increase in their position. The disclosure for this purchase can be found here. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Down 0.3%

Axos Financial stock opened at $72.49 on Friday. 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, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The business’s 50-day moving average price is $63.68 and its 200 day moving average price is $69.83. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 9.74 and a beta of 1.25.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same period last year, the company earned $1.91 earnings per share. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial announced that its board has approved a share buyback plan on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on AX shares. Needham & Company LLC reissued a “buy” rating and issued a $88.00 target price on shares of Axos Financial in a research report on Thursday, May 1st. DA Davidson cut their target price on Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Raymond James reissued an “outperform” rating and issued a $72.00 target price (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Piper Sandler cut their target price on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

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.