Axos Financial, Inc. (NYSE:AX) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,040,022 shares of the company’s stock after selling 28,187 shares during the quarter. Wasatch Advisors LP’s holdings in Axos Financial were worth $56,203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AX. Federated Hermes Inc. grew its position in Axos Financial by 960,400.0% in the third quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock valued at $1,818,000 after acquiring an additional 48,020 shares in the last quarter. Natixis Advisors L.P. grew its position in Axos Financial by 5.3% in the third quarter. Natixis Advisors L.P. now owns 18,674 shares of the company’s stock valued at $707,000 after acquiring an additional 947 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Axos Financial by 80.3% during the third quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock worth $5,401,000 after buying an additional 63,523 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Axos Financial by 1,147.5% during the third quarter. Tower Research Capital LLC TRC now owns 14,845 shares of the company’s stock worth $562,000 after buying an additional 13,655 shares in the last quarter. Finally, Teza Capital Management LLC grew its position in shares of Axos Financial by 23.3% during the third quarter. Teza Capital Management LLC now owns 8,803 shares of the company’s stock worth $333,000 after buying an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Wedbush reissued a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $79.00 price target on shares of Axos Financial in a research report on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Stock Performance

AX stock opened at $58.43 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 7.93 and a beta of 1.43. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $63.00. The stock’s fifty day moving average is $55.86 and its two-hundred day moving average is $53.71.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. The company had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same period last year, the company earned $1.35 earnings per share. On average, research analysts predict that Axos Financial, Inc. will post 6.76 EPS for the current year.

Axos Financial 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.