ProShare Advisors LLC reduced its holdings in Axos Financial, Inc. (NYSE:AX – Get Rating) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,574 shares of the company's stock after selling 1,573 shares during the period. ProShare Advisors LLC's holdings in Axos Financial were worth $584,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exane Derivatives acquired a new position in shares of Axos Financial during the 1st quarter worth about $32,000. Steward Partners Investment Advisory LLC increased its stake in Axos Financial by 605.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company's stock valued at $39,000 after purchasing an additional 720 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in Axos Financial in the fourth quarter valued at approximately $119,000. SG Americas Securities LLC boosted its position in shares of Axos Financial by 79.5% during the first quarter. SG Americas Securities LLC now owns 3,336 shares of the company's stock worth $155,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Axos Financial in the 4th quarter valued at $178,000. 77.84% of the stock is owned by institutional investors.
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In other news, EVP Andrew J. Micheletti sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $47.52, for a total value of $475,200.00. Following the completion of the sale, the executive vice president now directly owns 516,689 shares of the company's stock, valued at $24,553,061.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Paul Grinberg sold 2,985 shares of the company's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $41.04, for a total value of $122,504.40. Following the transaction, the director now owns 59,749 shares in the company, valued at approximately $2,452,098.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Andrew J. Micheletti sold 10,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.52, for a total transaction of $475,200.00. Following the completion of the transaction, the executive vice president now directly owns 516,689 shares in the company, valued at $24,553,061.28. The disclosure for this sale can be found here. Insiders have sold 18,870 shares of company stock worth $851,807 over the last 90 days. Company insiders own 4.73% of the company's stock.
Axos Financial Trading Down 2.3 %
NYSE AX opened at $41.78 on Thursday. Axos Financial, Inc. has a 12 month low of $34.11 and a 12 month high of $62.44. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $42.55 and a 200-day moving average of $38.77. The company has a market cap of $2.49 billion, a PE ratio of 10.52 and a beta of 1.43.Axos Financial (NYSE:AX – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.10. The firm had revenue of $192.51 million during the quarter, compared to analysts' expectations of $180.82 million. Axos Financial had a net margin of 31.14% and a return on equity of 16.53%. On average, equities research analysts anticipate that Axos Financial, Inc. will post 4.51 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on AX. Keefe, Bruyette & Woods raised Axos Financial from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $52.00 to $56.00 in a research report on Monday, July 11th. DA Davidson upped their target price on shares of Axos Financial to $53.00 in a research note on Tuesday, August 9th. B. Riley decreased their price objective on Axos Financial from $58.00 to $49.00 in a report on Monday, July 11th. Finally, Wedbush downgraded Axos Financial from an "outperform" rating to a "neutral" rating and set a $40.00 price target for the company. in a research report on Thursday, June 30th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.33.
Axos Financial Company Profile
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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.
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