Cubist Systematic Strategies LLC Lowers Position in Axos Financial, Inc. (NYSE:AX)

Cubist Systematic Strategies LLC decreased its position in Axos Financial, Inc. (NYSE:AX) by 97.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,898 shares of the company’s stock after selling 140,254 shares during the period. Cubist Systematic Strategies LLC’s holdings in Axos Financial were worth $223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after buying an additional 423,930 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in Axos Financial by 9.6% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after buying an additional 33,366 shares in the last quarter. Millennium Management LLC boosted its holdings in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares in the last quarter. Finally, Stieven Capital Advisors L.P. boosted its holdings in Axos Financial by 1.4% during the second quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock worth $18,770,000 after buying an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insider Activity

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.82% of the company’s stock.

Axos Financial Stock Up 1.3 %

Shares of NYSE AX opened at $64.94 on Tuesday. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The company has a market capitalization of $3.70 billion, a PE ratio of 8.81 and a beta of 1.39. 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’s 50-day moving average is $64.31 and its two-hundred day moving average is $60.12.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. The business had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter in the previous year, the business posted $1.50 earnings per share. Equities analysts anticipate that Axos Financial, Inc. will post 7.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AX. Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Raymond James boosted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler boosted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a report on Wednesday, July 31st. Finally, Needham & Company LLC assumed coverage on shares of Axos Financial in a report on Friday. They issued a “buy” rating and a $82.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $80.20.

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.