Victory Capital Management Inc. Has $1 Million Stock Position in Axos Financial, Inc. (NYSE:AX)

Victory Capital Management Inc. reduced its position in Axos Financial, Inc. (NYSE:AX) by 84.1% during the third quarter, HoldingsChannel reports. The firm owned 15,958 shares of the company’s stock after selling 84,261 shares during the period. Victory Capital Management Inc.’s holdings in Axos Financial were worth $1,003,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management bought a new position in shares of Axos Financial in the second quarter valued at $25,000. Kathleen S. Wright Associates Inc. purchased a new stake in Axos Financial during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in Axos Financial during the third quarter worth about $41,000. Farther Finance Advisors LLC increased its holdings in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Axos Financial during the second quarter worth about $49,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Price Performance

NYSE AX opened at $83.78 on Thursday. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $88.46. The firm has a market capitalization of $4.78 billion, a P/E ratio of 10.29 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $69.71 and a 200-day moving average price of $64.67.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities research analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AX. Wedbush cut their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Raymond James lifted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Needham & Company LLC boosted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, Piper Sandler upped their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.80.

Insider Buying and Selling

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the company’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 completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is owned by corporate insiders.

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.