Axos Financial, Inc. (NYSE:AX) Shares Sold by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC trimmed its position in shares of Axos Financial, Inc. (NYSE:AX) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,200 shares of the company’s stock after selling 800 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Axos Financial were worth $224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Axos Financial in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Axos Financial in the third quarter valued at $41,000. Farther Finance Advisors LLC boosted its position in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after purchasing an additional 308 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Axos Financial by 325.2% in the third quarter. US Bancorp DE now owns 1,029 shares of the company’s stock valued at $65,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AX. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Wedbush decreased their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Needham & Company LLC restated a “buy” rating and issued a $85.00 price target on shares of Axos Financial in a research report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.20.

Axos Financial Stock Performance

Axos Financial stock opened at $72.35 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a fifty day moving average of $75.83 and a two-hundred day moving average of $69.88. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 8.76 and a beta of 1.46.

Axos Financial (NYSE:AX) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm earned $1.41 EPS. On average, analysts anticipate that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

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.