Ridgewood Investments LLC Sells 3,000 Shares of Axos Financial Inc (NYSE:AX)

Ridgewood Investments LLC reduced its holdings in Axos Financial Inc (NYSE:AX) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,549 shares of the company’s stock after selling 3,000 shares during the quarter. Axos Financial makes up approximately 1.5% of Ridgewood Investments LLC’s holdings, making the stock its 7th largest holding. Ridgewood Investments LLC owned about 0.11% of Axos Financial worth $1,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AX. Pembroke Management LTD acquired a new position in shares of Axos Financial in the 2nd quarter worth approximately $23,490,000. Morgan Stanley boosted its holdings in shares of Axos Financial by 361.0% in the 2nd quarter. Morgan Stanley now owns 412,977 shares of the company’s stock worth $11,252,000 after acquiring an additional 323,402 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Axos Financial in the 2nd quarter worth approximately $7,335,000. Nuveen Asset Management LLC acquired a new position in shares of Axos Financial in the 2nd quarter worth approximately $6,874,000. Finally, Scout Investments Inc. acquired a new position in Axos Financial during the 2nd quarter worth $5,706,000. 72.44% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AX traded down $0.10 during trading hours on Thursday, hitting $30.12. 15,435 shares of the stock were exchanged, compared to its average volume of 232,646. The company’s 50 day moving average is $27.70 and its two-hundred day moving average is $28.14. Axos Financial Inc has a twelve month low of $23.87 and a twelve month high of $33.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.84 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. Axos Financial had a return on equity of 16.79% and a net margin of 23.92%. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $124.58 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts expect that Axos Financial Inc will post 3.01 EPS for the current year.

Several research analysts have issued reports on AX shares. Zacks Investment Research raised Axos Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. ValuEngine raised Axos Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Compass Point raised Axos Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, B. Riley set a $33.00 price objective on Axos Financial and gave the stock a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.00.

Axos Financial Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

Featured Story: Bid-Ask Spread

Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial Inc (NYSE:AX).

Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.