Sanctuary Advisors LLC Sells 3,318 Shares of Axos Financial, Inc. (NYSE:AX)

Sanctuary Advisors LLC lowered its position in Axos Financial, Inc. (NYSE:AX) by 16.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,313 shares of the company’s stock after selling 3,318 shares during the quarter. Sanctuary Advisors LLC’s holdings in Axos Financial were worth $1,206,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Axos Financial during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC grew its holdings in Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial during the third quarter worth about $41,000. R Squared Ltd purchased a new position in shares of Axos Financial during the fourth quarter worth about $66,000. Finally, US Bancorp DE grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

AX has been the subject of several recent analyst reports. DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price objective 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. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Price Performance

AX opened at $65.69 on Wednesday. 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, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The stock has a market capitalization of $3.75 billion, a PE ratio of 8.83 and a beta of 1.45. The stock’s 50 day moving average price is $70.41 and its 200-day moving average price is $70.24.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts predict 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.