Axos Financial, Inc. (NYSE:AX) Holdings Trimmed by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its holdings in Axos Financial, Inc. (NYSE:AX) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,428 shares of the company’s stock after selling 1,754 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Axos Financial were worth $4,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AX. Illinois Municipal Retirement Fund raised its position in Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock valued at $2,090,000 after buying an additional 196 shares during the period. Versor Investments LP lifted its position in shares of Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock worth $279,000 after purchasing an additional 200 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Axos Financial by 4.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,717 shares of the company’s stock worth $399,000 after purchasing an additional 254 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock worth $948,000 after purchasing an additional 266 shares during the period. Finally, New York State Teachers Retirement System grew its position in Axos Financial by 0.7% during the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock valued at $3,012,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Trading Up 2.0 %

Axos Financial stock opened at $63.29 on Friday. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The company’s fifty day moving average price is $62.97 and its two-hundred day moving average price is $69.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 8.51 and a beta of 1.33.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson decreased their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

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.