Aigen Investment Management LP Sells 629 Shares of Axos Financial, Inc. (NYSE:AX)

Aigen Investment Management LP trimmed its stake in shares of Axos Financial, Inc. (NYSE:AX) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,526 shares of the company’s stock after selling 629 shares during the quarter. Aigen Investment Management LP’s holdings in Axos Financial were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Axos Financial during the 4th quarter worth approximately $1,264,000. Victory Capital Management Inc. grew its position in Axos Financial by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 16,629 shares of the company’s stock worth $1,162,000 after acquiring an additional 671 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after acquiring an additional 773 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Axos Financial by 425.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,509 shares of the company’s stock worth $107,000 after acquiring an additional 1,222 shares during the last quarter. Finally, US Bancorp DE grew its position in Axos Financial by 80.7% during the 4th quarter. US Bancorp DE now owns 1,859 shares of the company’s stock worth $130,000 after acquiring an additional 830 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AX. Raymond James restated an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Activity

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Up 1.9 %

AX opened at $64.84 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 8.72 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $69.36 and a 200-day moving average of $70.32. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating 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%. Equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.