Connors Investor Services Inc. Sells 510 Shares of Axos Financial, Inc. (NYSE:AX)

Connors Investor Services Inc. lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,246 shares of the company’s stock after selling 510 shares during the quarter. Connors Investor Services Inc.’s holdings in Axos Financial were worth $2,811,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AX. JPMorgan Chase & Co. lifted its stake in Axos Financial by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after buying an additional 32,095 shares during the period. Barclays PLC raised its position in shares of Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after acquiring an additional 35,087 shares during the period. Principal Financial Group Inc. boosted its stake in Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after acquiring an additional 17,201 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Axos Financial during the fourth quarter valued at approximately $9,849,000. Finally, Empowered Funds LLC raised its holdings in Axos Financial by 28.2% in the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock worth $1,139,000 after purchasing an additional 3,588 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Stock Up 1.7 %

Shares of NYSE:AX opened at $63.89 on Wednesday. The company has a fifty day moving average of $62.59 and a 200-day moving average of $69.56. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $3.65 billion, a PE ratio of 8.59 and a beta of 1.33.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AX. Keefe, Bruyette & Woods dropped their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $84.17.

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.