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

ProShare Advisors LLC lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,347 shares of the company’s stock after selling 2,601 shares during the quarter. ProShare Advisors LLC’s holdings in Axos Financial were worth $477,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC lifted its position in Axos Financial by 6.1% during the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock worth $14,055,000 after buying an additional 14,953 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Axos Financial by 122.2% during the 1st quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock worth $1,699,000 after acquiring an additional 17,288 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Axos Financial in the fourth quarter worth approximately $5,495,000. First Eagle Investment Management LLC grew its holdings in Axos Financial by 7.2% in the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock valued at $10,136,000 after purchasing an additional 12,650 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Axos Financial by 37.6% during the first quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,560 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AX. Piper Sandler lifted their price target 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. Raymond James boosted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a 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 target on the stock. in a report on Wednesday, July 31st. Finally, Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Hold” and a consensus price target of $79.75.

Insider Activity

In related 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 transaction 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. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.82% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE AX opened at $62.89 on Tuesday. 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 company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.53 and a beta of 1.40. The business has a 50-day moving average of $66.58 and a 200-day moving average of $59.46.

Axos Financial (NYSE:AX) last released its quarterly 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 return on equity of 18.57% and a net margin of 23.96%. The firm had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter in the prior year, the business earned $1.50 EPS. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.17 EPS for the current fiscal year.

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.