Dimensional Fund Advisors LP Has $151.63 Million Holdings in Axos Financial, Inc. (NYSE:AX)

Dimensional Fund Advisors LP lessened its stake in shares of Axos Financial, Inc. (NYSE:AX) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,653,367 shares of the company’s stock after selling 31,867 shares during the period. Dimensional Fund Advisors LP owned about 4.66% of Axos Financial worth $151,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in Axos Financial during the 4th quarter worth about $26,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Axos Financial in the 1st quarter valued at about $27,000. EntryPoint Capital LLC increased its holdings in shares of Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the period. FinTrust Capital Advisors LLC acquired a new position in shares of Axos Financial in the 4th quarter valued at about $44,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Axos Financial by 122.5% in the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.82% of the stock is currently owned by corporate insiders.

Axos Financial Trading Down 2.8 %

NYSE:AX opened at $66.22 on Friday. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.99 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $67.38 and its 200-day moving average is $58.87.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.80. The business had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the company posted $1.50 earnings per share. Equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

AX has been the topic of a number of research reports. Piper Sandler upped their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush raised their price objective on shares of Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a research report on Wednesday, July 31st. Finally, Raymond James raised their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Axos Financial presently has an average rating of “Hold” and a consensus price target of $81.00.

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.