Charles Schwab Investment Management Inc. Has $46.88 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Charles Schwab Investment Management Inc. trimmed its position in shares of Axos Financial, Inc. (NYSE:AX) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,123 shares of the company’s stock after selling 1,719 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.18% of Axos Financial worth $46,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after acquiring an additional 773 shares during the period. Smartleaf Asset Management LLC increased its stake in Axos Financial by 425.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,509 shares of the company’s stock valued at $107,000 after acquiring an additional 1,222 shares during the period. US Bancorp DE increased its stake in Axos Financial by 80.7% during the fourth quarter. US Bancorp DE now owns 1,859 shares of the company’s stock valued at $130,000 after acquiring an additional 830 shares during the period. Parkside Financial Bank & Trust increased its stake in Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock valued at $88,000 after acquiring an additional 849 shares during the period. Finally, Versor Investments LP increased its stake in Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after acquiring an additional 200 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Axos Financial Stock Up 3.8 %

NYSE:AX opened at $63.94 on Friday. The stock’s fifty day moving average price is $68.76 and its two-hundred day moving average price is $70.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 8.59 and a beta of 1.45. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46.

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

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.07% of the stock is owned by corporate insiders.

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.