Axos Financial, Inc. (NYSE:AX) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lessened its stake in Axos Financial, Inc. (NYSE:AX) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,246 shares of the company’s stock after selling 510 shares during the period. Connors Investor Services Inc. owned 0.07% of Axos Financial worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AX. Heck Capital Advisors LLC acquired a new position in Axos Financial in the 4th quarter valued at $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial in the 4th quarter worth about $52,000. NewEdge Advisors LLC grew its stake in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd purchased a new position in Axos Financial during the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after purchasing an additional 773 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Sara Wardell-Smith bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, 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 this link. 5.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. DA Davidson cut their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.17.

Axos Financial Stock Up 1.7 %

Shares of Axos Financial stock opened at $63.89 on Wednesday. The company has a market capitalization of $3.65 billion, a PE ratio of 8.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $62.59 and a 200-day moving average of $69.56. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal 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.