CANADA LIFE ASSURANCE Co Decreases Stock Position in Axos Financial, Inc. (NYSE:AX)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,428 shares of the company’s stock after selling 1,754 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.11% of Axos Financial worth $4,218,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AX. Farringdon Capital Ltd. bought a new stake in shares of Axos Financial in the 4th quarter valued at approximately $374,000. Advisory Research Inc. boosted its holdings in Axos Financial by 68.4% in the fourth quarter. Advisory Research Inc. now owns 20,315 shares of the company’s stock worth $1,419,000 after purchasing an additional 8,255 shares during the period. NewEdge Advisors LLC increased its stake in Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 850 shares during the last quarter. Defined Financial Planning LLC acquired a new stake in shares of Axos Financial during the fourth quarter worth $221,000. Finally, Mariner LLC lifted its position in shares of Axos Financial by 9.3% in the 4th quarter. Mariner LLC now owns 6,403 shares of the company’s stock worth $447,000 after buying an additional 545 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Up 2.0 %

Shares of Axos Financial stock opened at $63.29 on Friday. The business has a fifty day simple moving average of $62.97 and a 200-day simple moving average of $69.47. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 8.51 and a beta of 1.33. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.07% of the stock is currently owned by insiders.

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.