Cornercap Investment Counsel Inc. reduced its stake in shares of Axos Financial, Inc. (NYSE:AX – Free Report) by 86.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,897 shares of the company’s stock after selling 23,986 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Axos Financial were worth $245,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in AX. SG Americas Securities LLC grew its holdings in Axos Financial by 24.5% during the 1st quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock valued at $313,000 after buying an additional 1,142 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Axos Financial by 9.7% during the first quarter. Sei Investments Co. now owns 49,233 shares of the company’s stock valued at $2,660,000 after acquiring an additional 4,370 shares during the last quarter. Russell Investments Group Ltd. increased its position in Axos Financial by 36.7% during the 1st quarter. Russell Investments Group Ltd. now owns 18,447 shares of the company’s stock worth $997,000 after purchasing an additional 4,957 shares in the last quarter. ProShare Advisors LLC raised its stake in Axos Financial by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 10,948 shares of the company’s stock valued at $592,000 after purchasing an additional 612 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Axos Financial by 54.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,012 shares of the company’s stock valued at $1,352,000 after purchasing an additional 8,770 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Axos Financial
In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Analysis on AX
Axos Financial Stock Down 0.2 %
AX stock opened at $79.97 on Tuesday. 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 firm has a market capitalization of $4.57 billion, a P/E ratio of 9.68 and a beta of 1.38. Axos Financial, Inc. has a 52-week low of $36.93 and a 52-week high of $85.54. The company’s 50 day simple moving average is $67.35 and its 200-day simple moving average is $63.69.
Axos Financial (NYSE:AX – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the prior year, the business earned $1.41 EPS. As a group, equities research analysts anticipate that Axos Financial, Inc. will post 7.02 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than Axos Financial
- Best Stocks Under $10.00
- Is Monolithic Power Systems a Screaming Buy After Near 40% Drop?
- How to Read Stock Charts for Beginners
- Applied Materials Market Capitulates: Now is the Time to Buy
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- 3 Ultra-High Dividend Yield Stocks for the New Year
Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial, Inc. (NYSE:AX – Free Report).
Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.