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

Ridgewood Investments LLC trimmed its position in Axos Financial, Inc. (NYSE:AX) by 3.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,476 shares of the company’s stock after selling 562 shares during the period. Ridgewood Investments LLC’s holdings in Axos Financial were worth $1,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AX. Lazard Asset Management LLC raised its holdings in shares of 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 purchasing an additional 14,953 shares during the period. GSA Capital Partners LLP grew its position 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 valued at $1,699,000 after buying an additional 17,288 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Axos Financial during the fourth quarter worth about $5,495,000. First Eagle Investment Management LLC lifted 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 worth $10,136,000 after acquiring an additional 12,650 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Axos Financial by 37.6% in the first quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock valued at $2,484,000 after acquiring an additional 12,560 shares during the period. 83.79% of the stock is owned by institutional investors.

Axos Financial Price Performance

Shares of Axos Financial stock traded up $1.11 on Friday, hitting $61.57. The company had a trading volume of 372,859 shares, compared to its average volume of 593,600. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $79.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $3.51 billion, a PE ratio of 8.35 and a beta of 1.40. The business has a 50-day simple moving average of $65.46 and a 200-day simple moving average of $59.63.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.80. The company had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same period last year, the firm earned $1.50 EPS. Research analysts expect that Axos Financial, Inc. will post 7.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AX. Piper Sandler raised their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Raymond James upped their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.75.

Insider Buying and Selling

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred 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 directly owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.82% of the stock is owned by corporate insiders.

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.