Shaker Investments LLC OH Trims Holdings in Axos Financial, Inc. (NYSE:AX)

Shaker Investments LLC OH lessened its stake in shares of Axos Financial, Inc. (NYSE:AX) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 426,031 shares of the company’s stock after selling 13,622 shares during the period. Axos Financial makes up 12.5% of Shaker Investments LLC OH’s investment portfolio, making the stock its largest holding. Shaker Investments LLC OH’s holdings in Axos Financial were worth $29,758,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AX. Truist Financial Corp grew its stake in shares of Axos Financial by 4.9% in the 2nd quarter. Truist Financial Corp now owns 20,517 shares of the company’s stock worth $1,173,000 after buying an additional 950 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Axos Financial during the 2nd quarter valued at approximately $551,000. GAMMA Investing LLC raised its holdings in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares during the period. Inspire Investing LLC bought a new stake in Axos Financial in the third quarter worth $796,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Axos Financial during the third quarter worth $27,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

AX has been the subject of several analyst reports. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. DA Davidson reduced 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. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price target 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Axos Financial Stock Down 0.2 %

Axos Financial stock opened at $71.82 on Tuesday. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The business has a fifty day moving average of $72.77 and a two-hundred day moving average of $70.30. The firm has a market cap of $4.10 billion, a P/E ratio of 9.65 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, analysts forecast that Axos Financial, Inc. will post 7.18 earnings per share for the current fiscal year.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.07% of the company’s stock.

About Axos Financial

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.