Quantbot Technologies LP Sells 7,883 Shares of Axos Financial, Inc $AX

Quantbot Technologies LP lowered its position in Axos Financial, Inc (NYSE:AX) by 27.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,154 shares of the company’s stock after selling 7,883 shares during the period. Quantbot Technologies LP’s holdings in Axos Financial were worth $1,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC boosted its stake in Axos Financial by 4.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,382 shares of the company’s stock valued at $286,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Axos Financial by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock worth $329,000 after purchasing an additional 131 shares in the last quarter. Cetera Investment Advisers grew its stake in Axos Financial by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after buying an additional 141 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Axos Financial by 0.3% during the 2nd quarter. Intech Investment Management LLC now owns 42,289 shares of the company’s stock worth $3,216,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Derrick Walsh sold 4,846 shares of Axos Financial stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.21, for a total transaction of $490,463.66. Following the completion of the transaction, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. This trade represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tamara N. Bohlig sold 2,145 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total value of $184,963.35. Following the completion of the transaction, the director directly owned 12,919 shares of the company’s stock, valued at $1,114,005.37. The trade was a 14.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 63,593 shares of company stock worth $6,274,883. 4.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AX. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Friday, February 13th. DA Davidson raised their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $104.50.

Axos Financial Stock Performance

AX opened at $90.16 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $101.92. The firm has a 50 day moving average of $93.37 and a two-hundred day moving average of $87.66. The firm has a market capitalization of $5.11 billion, a PE ratio of 11.43 and a beta of 1.27.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. The firm had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. On average, analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current year.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.