Prudential Financial Inc. Sells 9,240 Shares of Axos Financial, Inc. (NYSE:AX)

Prudential Financial Inc. cut its holdings in Axos Financial, Inc. (NYSE:AX) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,644 shares of the company’s stock after selling 9,240 shares during the quarter. Prudential Financial Inc. owned 0.23% of Axos Financial worth $9,335,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AX. Illinois Municipal Retirement Fund boosted its position in shares of Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock valued at $2,090,000 after buying an additional 196 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Axos Financial by 5.3% during the 4th quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after acquiring an additional 200 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Axos Financial by 2.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock worth $948,000 after acquiring an additional 266 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Axos Financial by 0.7% during the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock valued at $3,012,000 after purchasing an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Axos Financial by 34.2% during the fourth quarter. GAMMA Investing LLC now owns 1,318 shares of the company’s stock valued at $92,000 after purchasing an additional 336 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Axos Financial Trading Down 1.7 %

Shares of NYSE:AX opened at $63.61 on Friday. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a market cap of $3.63 billion, a PE ratio of 8.55 and a beta of 1.45. The stock has a 50 day moving average of $67.66 and a 200 day moving average of $70.02. 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 quarterly 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 net margin of 22.10% and a return on equity of 18.67%. As a group, equities research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.07% of the stock is currently owned by company 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.