Charles Schwab Investment Management Inc. Sells 1,719 Shares of Axos Financial, Inc. (NYSE:AX)

Charles Schwab Investment Management Inc. lowered its stake in Axos Financial, Inc. (NYSE:AX) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 671,123 shares of the company’s stock after selling 1,719 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Axos Financial were worth $46,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AX. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $35,000. Farther Finance Advisors LLC increased its position in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares during the last quarter. Kestra Investment Management LLC bought a new position in Axos Financial during the fourth quarter worth about $52,000. US Bancorp DE grew its holdings in Axos Financial by 325.2% during the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after purchasing an additional 787 shares during the period. Finally, R Squared Ltd bought a new position in Axos Financial during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Finally, DA Davidson reduced their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Trading Up 3.8 %

Shares of NYSE:AX opened at $63.94 on Friday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The stock has a market cap of $3.65 billion, a PE ratio of 8.59 and a beta of 1.45. The business has a 50 day moving average of $68.76 and a 200-day moving average of $70.18. 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 data 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%. As a group, equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

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.