GAMMA Investing LLC Sells 367 Shares of Axos Financial, Inc. (NYSE:AX)

GAMMA Investing LLC lessened its holdings in Axos Financial, Inc. (NYSE:AX) by 41.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519 shares of the company’s stock after selling 367 shares during the period. GAMMA Investing LLC’s holdings in Axos Financial were worth $28,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Axos Financial by 152.8% during the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock worth $52,842,000 after purchasing an additional 843,606 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Norges Bank bought a new stake in shares of Axos Financial during the fourth quarter worth about $21,573,000. Cubist Systematic Strategies LLC grew its holdings in shares of Axos Financial by 167.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after purchasing an additional 231,722 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Axos Financial during the fourth quarter worth about $7,471,000. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AX. Piper Sandler boosted their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 price target on shares of Axos Financial in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Axos Financial Trading Up 0.5 %

NYSE AX opened at $54.84 on Thursday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 7.44 and a beta of 1.39. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $63.00. The business has a 50 day moving average price of $55.35 and a 200-day moving average price of $53.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. The firm had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter in the previous year, the company posted $1.35 earnings per share. As a group, equities analysts expect that Axos Financial, Inc. will post 6.76 earnings per share for the current fiscal year.

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.