Axos Financial, Inc. (NYSE:AX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Axos Financial, Inc. (NYSE:AX) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,273 shares of the company’s stock after selling 1,730 shares during the period. Rhumbline Advisers owned about 0.29% of Axos Financial worth $11,405,000 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. State Street Corp boosted its position 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 valued at $199,877,000 after purchasing an additional 164,997 shares during the period. Geode Capital Management LLC boosted its position in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after purchasing an additional 91,797 shares during the period. Wasatch Advisors LP boosted its position 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 valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Geneva Capital Management LLC raised its stake in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after acquiring an additional 1,976 shares during the last quarter. Finally, Emerald Advisers LLC raised its stake in 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 acquiring an additional 63,458 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AX. Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC upped their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. DA Davidson reduced their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Stock Performance

Shares of AX stock opened at $66.02 on Monday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 8.87 and a beta of 1.45. The stock has a 50 day simple moving average of $70.91 and a 200-day simple moving average of $70.24. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last issued its earnings results 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%. On average, equities analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current 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.