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

AlphaQuest LLC cut its position in shares of Axos Financial, Inc. (NYSE:AX) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,971 shares of the company’s stock after selling 1,320 shares during the quarter. AlphaQuest LLC’s holdings in Axos Financial were worth $277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. JPMorgan Chase & Co. lifted its stake in Axos Financial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after buying an additional 32,095 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Axos Financial by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after purchasing an additional 39,091 shares in the last quarter. Barclays PLC increased its position in shares of Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares in the last quarter. Principal Financial Group Inc. raised its position in Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $23,604,000 after purchasing an additional 17,201 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Axos Financial during the 4th quarter worth approximately $9,849,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Stock Performance

Shares of AX opened at $63.94 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm’s 50 day moving average is $68.63 and its 200-day moving average is $70.16.

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

Wall Street Analysts Forecast Growth

AX has been the subject of several recent analyst reports. DA Davidson lowered their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC increased their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Raymond James reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

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.