Legato Capital Management LLC Reduces Position in Axos Financial, Inc. (NYSE:AX)

Legato Capital Management LLC cut its position in shares of Axos Financial, Inc. (NYSE:AXFree Report) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,545 shares of the company’s stock after selling 1,526 shares during the period. Legato Capital Management LLC’s holdings in Axos Financial were worth $248,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AX. American Century Companies Inc. boosted its position in Axos Financial by 152.8% in the 3rd quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after buying an additional 843,606 shares during the period. Norges Bank purchased a new stake in Axos Financial in the 4th quarter valued at about $20,955,000. State Street Corp boosted its position in Axos Financial by 22.2% in the 1st quarter. State Street Corp now owns 2,670,788 shares of the company’s stock valued at $98,605,000 after buying an additional 485,842 shares during the period. Epoch Investment Partners Inc. boosted its position in Axos Financial by 23.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 934,813 shares of the company’s stock valued at $36,869,000 after buying an additional 179,762 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Axos Financial by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,974 shares of the company’s stock valued at $91,081,000 after buying an additional 173,836 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the sale, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the sale, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Wardell-Smith purchased 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AX has been the subject of several recent research reports. TheStreet upgraded shares of Axos Financial from a “c+” rating to a “b-” rating in a report on Monday, December 4th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James boosted their price target on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Wedbush boosted their price target on shares of Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.25.

Get Our Latest Analysis on AX

Axos Financial Trading Up 0.2 %

NYSE AX opened at $52.34 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $60.00. The firm has a market cap of $2.98 billion, a PE ratio of 7.72 and a beta of 1.43. The company has a 50 day moving average price of $52.46 and a 200 day moving average price of $46.28.

Axos Financial (NYSE:AXGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The business had revenue of $352.74 million for the quarter, compared to analyst estimates of $247.43 million. During the same quarter in the prior year, the business posted $1.38 EPS. Axos Financial’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Axos Financial, Inc. will post 6.47 EPS for the current fiscal year.

About Axos Financial

(Free Report)

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.

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

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