Allspring Global Investments Holdings LLC Sells 42,596 Shares of Axos Financial, Inc. (NYSE:AX)

Allspring Global Investments Holdings LLC reduced its position in shares of Axos Financial, Inc. (NYSE:AX) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,572 shares of the company’s stock after selling 42,596 shares during the period. Allspring Global Investments Holdings LLC owned 0.23% of Axos Financial worth $9,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AX. State Street Corp grew its stake in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after buying an additional 164,997 shares during the last quarter. Geode Capital Management LLC raised its position in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after acquiring an additional 91,797 shares during the period. Wasatch Advisors LP increased its stake in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after purchasing an additional 292,952 shares in the last quarter. Geneva Capital Management LLC raised its holdings in Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after purchasing an additional 1,976 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of Axos Financial by 14.4% during 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 in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods decreased their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. DA Davidson cut their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Raymond James restated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Price Performance

NYSE:AX opened at $70.19 on Wednesday. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The stock has a market cap of $4.01 billion, a PE ratio of 9.43 and a beta of 1.45. The stock has a 50 day moving average price of $71.60 and a 200 day moving average price of $70.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share 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%. Equities research analysts expect that Axos Financial, Inc. will post 7.18 EPS for the current fiscal year.

Axos Financial Company 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.