Covestor Ltd Has $115,000 Stake in Axos Financial, Inc. (NYSE:AX)

Covestor Ltd reduced its holdings in Axos Financial, Inc. (NYSE:AX) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,832 shares of the company’s stock after selling 224 shares during the period. Covestor Ltd’s holdings in Axos Financial were worth $115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Global Investments increased its position in shares of Axos Financial by 2.5% during the 3rd quarter. Summit Global Investments now owns 19,681 shares of the company’s stock worth $1,238,000 after purchasing an additional 482 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Axos Financial by 27.9% during the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after buying an additional 70,017 shares during the last quarter. Amalgamated Bank raised its position in Axos Financial by 2.1% during the third quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after acquiring an additional 322 shares in the last quarter. Emerald Advisers LLC raised its position in Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock worth $31,789,000 after acquiring an additional 63,458 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock valued at $26,564,000 after acquiring an additional 40,184 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Axos Financial Stock Performance

AX opened at $83.59 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day simple moving average of $66.09 and a 200 day simple moving average of $62.93. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $85.13. The company has a market capitalization of $4.77 billion, a PE ratio of 10.12 and a beta of 1.38.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the business posted $1.41 earnings per share. Research analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

Analyst Upgrades and Downgrades

AX has been the topic of a number of research analyst reports. Wedbush dropped their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. StockNews.com downgraded Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Needham & Company LLC boosted their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Raymond James raised 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $79.80.

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.