Axos Financial, Inc. (NYSE:AX) Shares Sold by Fmr LLC

Fmr LLC lowered its position in shares of Axos Financial, Inc. (NYSE:AX) by 7.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 762,429 shares of the company’s stock after selling 64,629 shares during the quarter. Fmr LLC’s holdings in Axos Financial were worth $47,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after acquiring an additional 321,494 shares during the last quarter. Millennium Management LLC increased its stake in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Axos Financial during the second quarter worth $5,077,000. Principal Financial Group Inc. lifted its position in shares of Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after buying an additional 70,017 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after buying an additional 63,458 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction 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 transaction, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,199 shares of company stock worth $10,882,135 over the last 90 days. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Up 0.9 %

Shares of NYSE:AX opened at $80.85 on Friday. The company has a 50 day moving average of $72.42 and a 200-day moving average of $65.79. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.62 billion, a P/E ratio of 9.79 and a beta of 1.42. Axos Financial, Inc. has a twelve month low of $43.32 and a twelve month high of $88.46.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same period last year, the company posted $1.41 EPS. As a group, analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AX. Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC raised their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.20.

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.