Axos Financial, Inc. (NYSE:AX) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,137 shares of the company’s stock after selling 840 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Axos Financial worth $2,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in shares of Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock worth $2,090,000 after purchasing an additional 196 shares during the last quarter. Versor Investments LP lifted its holdings in shares of Axos Financial by 5.3% in the 4th quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after buying an additional 200 shares during the period. Stifel Financial Corp boosted its stake in shares of Axos Financial by 3.4% in the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company’s stock worth $511,000 after buying an additional 241 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in 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 acquiring an additional 254 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its position in Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock valued at $948,000 after acquiring an additional 266 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Grinberg sold 30,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares in the company, valued at $7,714,256.55. The trade was a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. Raymond James reiterated an “outperform” rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. DA Davidson dropped their target price on Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Piper Sandler lowered their price target on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods cut 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Axos Financial Stock Performance

NYSE AX opened at $68.76 on Friday. 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 stock’s 50 day simple moving average is $62.77 and its 200-day simple moving average is $69.60. The company has a market cap of $3.88 billion, a PE ratio of 9.24 and a beta of 1.25. 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 data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same quarter last year, the firm posted $1.91 EPS. As a group, equities research analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.