B. Riley Wealth Advisors Inc. Cuts Stock Holdings in Axos Financial, Inc. (NYSE:AX)

B. Riley Wealth Advisors Inc. lowered its position in Axos Financial, Inc. (NYSE:AX) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,392 shares of the company’s stock after selling 404 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Axos Financial were worth $2,537,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AX. Mercer Global Advisors Inc. ADV grew its position in Axos Financial by 5.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after purchasing an additional 266 shares in the last quarter. CWM LLC increased its position in shares of Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in Axos Financial by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock worth $1,008,000 after acquiring an additional 281 shares during the period. Foundry Partners LLC boosted its position in Axos Financial by 5.8% in the second quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock worth $330,000 after purchasing an additional 316 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Axos Financial by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock valued at $290,000 after purchasing an additional 394 shares during the period. 83.79% of the stock is owned by institutional investors.

Axos Financial Price Performance

NYSE AX opened at $60.58 on Wednesday. The company has a market cap of $3.45 billion, a PE ratio of 8.22 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $66.58 and its two-hundred day simple moving average is $59.46. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $79.15.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The company had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. During the same period last year, the firm earned $1.50 EPS. Research analysts predict that Axos Financial, Inc. will post 7.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AX shares. Raymond James lifted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a research report on Wednesday, July 31st. Wedbush reduced their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.75.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.82% of the stock is owned by company insiders.

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.