Crossmark Global Holdings Inc. Boosts Stake in Axos Financial, Inc. (NYSE:AX)

Crossmark Global Holdings Inc. raised its position in Axos Financial, Inc. (NYSE:AX) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 3,836 shares of the company’s stock after buying an additional 162 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Axos Financial were worth $241,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake 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 purchasing an additional 321,494 shares during the period. Emerald Advisers LLC boosted its position in Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after buying an additional 63,458 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in Axos Financial by 10.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company’s stock worth $26,564,000 after purchasing an additional 40,184 shares in the last quarter. Millennium Management LLC raised its position in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares in the last quarter. Finally, Stieven Capital Advisors L.P. boosted its stake in shares of Axos Financial by 1.4% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock valued at $18,770,000 after buying an additional 4,400 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,199 shares of company stock worth $10,882,135 in the last 90 days. Company insiders own 5.07% of the company’s stock.

Axos Financial Stock Performance

Shares of AX stock opened at $79.97 on Tuesday. The stock’s 50-day moving average is $67.35 and its two-hundred day moving average is $63.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $85.54. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 9.68 and a beta of 1.38.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter in the previous year, the company posted $1.41 earnings per share. Analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current year.

Analyst Ratings Changes

AX has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Raymond James lifted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler increased their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush decreased their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, StockNews.com downgraded Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $79.80.

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.