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

Cwm LLC lessened its position in shares of Axos Financial, Inc. (NYSE:AX) by 35.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,359 shares of the company’s stock after selling 1,849 shares during the period. Cwm LLC’s holdings in Axos Financial were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. Wellington Management Group LLP raised its stake in Axos Financial by 162.7% in the 4th quarter. Wellington Management Group LLP now owns 214,950 shares of the company’s stock valued at $11,736,000 after purchasing an additional 133,113 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Axos Financial by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock valued at $290,000 after purchasing an additional 394 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Axos Financial in the 1st quarter valued at about $618,000. Investment Research & Advisory Group Inc. acquired a new position in Axos Financial in the 1st quarter valued at about $27,000. Finally, CCG Wealth Management LLC raised its stake in Axos Financial by 441.5% in the 1st quarter. CCG Wealth Management LLC now owns 54,211 shares of the company’s stock valued at $2,930,000 after purchasing an additional 44,200 shares during the last quarter. 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 stock in a transaction 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 transaction, the executive vice president now 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 document filed with the SEC, which can be accessed through this link. Company insiders own 4.82% of the company’s stock.

Analysts Set New Price Targets

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

Axos Financial Stock Performance

AX stock opened at $65.59 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.74 billion, a P/E ratio of 8.90 and a beta of 1.39. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The stock’s 50 day simple moving average is $64.57 and its 200 day simple moving average is $60.74.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting analysts’ consensus estimates of $1.80. The firm had revenue of $484.29 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $1.50 EPS. As a group, equities research analysts predict that Axos Financial, Inc. will post 7.12 EPS for the current year.

Axos Financial 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.