3,373 Shares in Axos Financial, Inc. (NYSE:AX) Bought by MML Investors Services LLC

MML Investors Services LLC bought a new stake in shares of Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,373 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Loomis Sayles & Co. L P increased its holdings in shares of Axos Financial by 9.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after purchasing an additional 39,091 shares during the period. Maverick Capital Ltd. grew its position in Axos Financial by 287.4% during the second quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock valued at $2,069,000 after purchasing an additional 26,855 shares in the last quarter. Algert Global LLC increased its stake in Axos Financial by 9.9% in the 2nd quarter. Algert Global LLC now owns 183,352 shares of the company’s stock valued at $10,479,000 after buying an additional 16,448 shares during the period. First Eagle Investment Management LLC lifted its position in Axos Financial by 13.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 213,572 shares of the company’s stock worth $12,206,000 after buying an additional 26,000 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Axos Financial by 29.7% during the 3rd quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after buying an additional 25,158 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred 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 sale, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Performance

AX opened at $72.61 on Friday. The stock’s 50 day simple moving average is $76.02 and its 200-day simple moving average is $67.76. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $4.15 billion, a PE ratio of 8.79 and a beta of 1.42. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million during 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 quarter last year, the company earned $1.41 earnings per share. Sell-side analysts forecast that Axos Financial, Inc. will post 7.07 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on AX shares. Needham & Company LLC increased their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.20.

About Axos Financial

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.