Nisa Investment Advisors LLC Trims Position in Axos Financial, Inc. (NYSE:AX)

Nisa Investment Advisors LLC lessened its stake in shares of Axos Financial, Inc. (NYSE:AX) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,561 shares of the company’s stock after selling 1,069 shares during the period. Nisa Investment Advisors LLC’s holdings in Axos Financial were worth $631,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AX. American Century Companies Inc. grew its holdings in Axos Financial by 152.8% during the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after purchasing an additional 843,606 shares during the period. Norges Bank bought a new stake in Axos Financial during the fourth quarter valued at about $20,955,000. State Street Corp grew its holdings in Axos Financial by 22.2% during the first quarter. State Street Corp now owns 2,670,788 shares of the company’s stock valued at $98,605,000 after purchasing an additional 485,842 shares during the period. Dimensional Fund Advisors LP grew its holdings in Axos Financial by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,466,974 shares of the company’s stock valued at $91,081,000 after purchasing an additional 173,836 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Axos Financial during the second quarter valued at about $6,120,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James upped their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Wedbush increased their target price on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st.

Axos Financial Stock Performance

NYSE:AX opened at $48.93 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $60.00. The stock has a 50-day moving average price of $51.60 and a 200 day moving average price of $47.58. The stock has a market capitalization of $2.78 billion, a P/E ratio of 7.22 and a beta of 1.44.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The firm had revenue of $352.74 million during the quarter, compared to analysts’ expectations of $247.43 million. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was up 54.5% on a year-over-year basis. Equities research analysts forecast that Axos Financial, Inc. will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Sara Wardell-Smith purchased 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by company insiders.

Axos Financial Company 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.