Aviso Financial Inc. Sells 4,682 Shares of Axos Financial, Inc. (NYSE:AX)

Aviso Financial Inc. lowered its stake in Axos Financial, Inc. (NYSE:AX) by 30.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,826 shares of the company’s stock after selling 4,682 shares during the period. Aviso Financial Inc.’s holdings in Axos Financial were worth $756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AX. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC increased its holdings in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Axos Financial during the fourth quarter worth $52,000. US Bancorp DE raised its position in Axos Financial by 325.2% during the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after acquiring an additional 787 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Axos Financial in the fourth quarter valued at $66,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

NYSE:AX opened at $63.94 on Friday. The stock has a 50 day simple moving average of $68.76 and a 200 day simple moving average of $70.18. The stock has a market cap of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AX shares. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Raymond James restated an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Finally, DA Davidson reduced their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

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.