Cwm LLC Sells 261 Shares of Axos Financial, Inc. (NYSE:AX)

Cwm LLC decreased its holdings in Axos Financial, Inc. (NYSE:AX) by 6.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,104 shares of the company’s stock after selling 261 shares during the quarter. Cwm LLC’s holdings in Axos Financial were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AX. American Century Companies Inc. raised 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 purchasing an additional 843,606 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Axos Financial by 251.9% during the third quarter. Brandywine Global Investment Management LLC now owns 182,352 shares of the company’s stock worth $6,904,000 after acquiring an additional 130,529 shares during the last quarter. EJF Capital LLC raised its position in shares of Axos Financial by 232.5% during the third quarter. EJF Capital LLC now owns 111,763 shares of the company’s stock worth $4,231,000 after acquiring an additional 78,155 shares during the last quarter. Davis Asset Management L.P. raised its position in shares of Axos Financial by 5.3% during the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock worth $56,790,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Axos Financial by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock worth $52,119,000 after acquiring an additional 74,649 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sara Wardell-Smith acquired 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $49.75 per share, with a total value of $248,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AX. Piper Sandler boosted their target price on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 target price (up previously from $77.00) on shares of Axos Financial in a research report on Thursday. Wedbush restated a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a research report on Wednesday. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Raymond James lifted 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Stock Up 0.4 %

Shares of Axos Financial stock opened at $57.51 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $60.00. The business has a fifty day simple moving average of $51.59 and a 200 day simple moving average of $48.83. The stock has a market cap of $3.28 billion, a PE ratio of 7.80 and a beta of 1.42.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The firm had revenue of $476.73 million during the quarter, compared to analysts’ expectations of $277.85 million. During the same period in the previous year, the firm earned $1.35 earnings per share. Research analysts predict that Axos Financial, Inc. will post 6.45 EPS for the current year.

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.