Axos Financial, Inc. (NYSE:AX) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 35.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,359 shares of the company’s stock after selling 1,849 shares during the quarter. Cwm LLC’s holdings in Axos Financial were worth $211,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in Axos Financial in the 2nd quarter worth approximately $25,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Axos Financial during the 1st quarter worth approximately $27,000. EntryPoint Capital LLC increased its holdings in shares of Axos Financial by 816.7% during 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Axos Financial by 122.5% during 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 in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Axos Financial during the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.82% of the stock is currently owned by corporate insiders.

Axos Financial Stock Up 0.9 %

Shares of NYSE:AX opened at $65.59 on Wednesday. The firm’s 50-day moving average is $64.57 and its two-hundred day moving average is $60.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $79.15. The firm has a market capitalization of $3.74 billion, a PE ratio of 8.90 and a beta of 1.39.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. During the same period in the prior year, the firm earned $1.50 earnings per share. Analysts predict that Axos Financial, Inc. will post 7.12 EPS for the current year.

Analyst Ratings Changes

AX has been the subject of several recent research reports. Raymond James lifted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Needham & Company LLC initiated coverage on shares of Axos Financial in a report on Friday, October 11th. They set a “buy” rating and a $82.00 target price for the company. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a report on Wednesday, July 31st. Piper Sandler lifted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Axos Financial has a consensus rating of “Moderate Buy” and an average price target of $80.20.

Axos Financial Company 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.