Mutual of America Capital Management LLC Has $512,000 Position in Axos Financial, Inc. (NYSE:AX)

Mutual of America Capital Management LLC decreased its holdings in Axos Financial, Inc. (NYSE:AX) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,139 shares of the company’s stock after selling 195 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Axos Financial were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Hollencrest Capital Management bought a new position in Axos Financial during the second quarter worth about $25,000. EntryPoint Capital LLC grew its stake in shares of Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 441 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Axos Financial during the 3rd quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC boosted its stake in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’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 transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,199 shares of company stock worth $10,882,135. Corporate insiders own 5.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler upped their target price 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. Needham & Company LLC raised their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Raymond James lifted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price target on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.80.

Axos Financial Stock Performance

AX opened at $84.37 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50-day simple moving average is $69.34 and its 200 day simple moving average is $64.50. The firm has a market capitalization of $4.82 billion, a PE ratio of 10.21 and a beta of 1.38. Axos Financial, Inc. has a 52-week low of $36.93 and a 52-week high of $88.46.

Axos Financial (NYSE:AX) last issued its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm earned $1.41 EPS. As a group, sell-side analysts expect that Axos Financial, Inc. will post 7.02 earnings per share 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.