Charles Schwab Investment Management Inc. Has $42.31 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Charles Schwab Investment Management Inc. lowered its position in shares of Axos Financial, Inc. (NYSE:AX) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 672,842 shares of the company’s stock after selling 8,545 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Axos Financial were worth $42,308,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in Axos Financial during the third quarter worth $27,000. Hollencrest Capital Management bought a new position in shares of Axos Financial in the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC increased its stake in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Axos Financial in the 3rd quarter valued at about $41,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Axos Financial in the 2nd quarter valued at about $49,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Performance

NYSE:AX opened at $82.85 on Monday. Axos Financial, Inc. has a fifty-two week low of $37.85 and a fifty-two week high of $88.46. 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 company has a 50 day simple moving average of $70.71 and a two-hundred day simple moving average of $65.11. The company has a market capitalization of $4.73 billion, a PE ratio of 10.03 and a beta of 1.38.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same period in the previous year, the firm earned $1.41 earnings per share. Research analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AX. Wedbush reduced their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Needham & Company LLC boosted 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. Finally, StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a research note 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 MarketBeat, Axos Financial has a consensus rating of “Hold” and an average target price of $79.80.

Insider Transactions at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock valued at $10,882,135 over the last ninety days. 5.07% 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.