Cornercap Investment Counsel Inc. Decreases Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Cornercap Investment Counsel Inc. reduced its stake in shares of Axos Financial, Inc. (NYSE:AXFree 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

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Raymond James boosted 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. Piper Sandler raised their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC raised their price target on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.80.

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:AXGet 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

(Free Report)

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.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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