Bank of New York Mellon Corp Has $28.70 Million Holdings in Axos Financial, Inc. (NYSE:AX)

Bank of New York Mellon Corp lessened its stake in shares of Axos Financial, Inc. (NYSE:AX) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 410,881 shares of the company’s stock after selling 43,117 shares during the period. Bank of New York Mellon Corp owned about 0.72% of Axos Financial worth $28,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AX. Wasatch Advisors LP grew 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 valued at $72,610,000 after buying an additional 292,952 shares in the last quarter. 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 valued at $199,877,000 after buying an additional 164,997 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial in the 4th quarter valued at approximately $9,849,000. Geode Capital Management LLC grew its stake 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 buying an additional 91,797 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock valued at $20,167,000 after buying an additional 70,017 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX opened at $64.84 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 8.72 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $69.36 and its two-hundred day moving average price is $70.32. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 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 predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. DA Davidson decreased their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Needham & Company LLC increased their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James reissued an “outperform” rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, 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 report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $84.17.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.07% of the company’s stock.

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.