Axos Financial, Inc. (NYSE:AX) Stake Cut by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,871 shares of the company’s stock after selling 431 shares during the quarter. D.A. Davidson & CO.’s holdings in Axos Financial were worth $1,564,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in shares of Axos Financial during the second quarter worth $25,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Axos Financial during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Axos Financial during the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC grew its stake in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Axos Financial by 122.5% in the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock worth $49,000 after buying an additional 496 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Down 1.1 %

Axos Financial stock opened at $82.85 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 10.04 and a beta of 1.38. The firm has a fifty day moving average price of $70.71 and a two-hundred day moving average price of $65.09. 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 current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, analysts forecast that Axos Financial, Inc. will post 7.02 earnings per share for the current year.

Insider Transactions at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,199 shares of company stock worth $10,882,135. Insiders own 5.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on AX shares. StockNews.com cut shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Needham & Company LLC boosted their price target on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Axos Financial has a consensus rating of “Hold” and a consensus target price of $79.80.

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.