Yousif Capital Management LLC Cuts Stock Position in Axos Financial, Inc. (NYSE:AX)

Yousif Capital Management LLC lessened its position in Axos Financial, Inc. (NYSE:AX) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,445 shares of the company’s stock after selling 545 shares during the quarter. Yousif Capital Management LLC’s holdings in Axos Financial were worth $1,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carmel Capital Partners LLC purchased a new stake in Axos Financial during the 3rd quarter worth about $30,000. GAMMA Investing LLC purchased a new stake in Axos Financial during the 4th quarter worth about $49,000. Covestor Ltd increased its holdings in shares of Axos Financial by 34.1% in the 3rd quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after acquiring an additional 331 shares during the last quarter. Strs Ohio increased its holdings in shares of Axos Financial by 220.0% in the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Axos Financial in the 4th quarter valued at about $205,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 0.4 %

Shares of Axos Financial stock opened at $57.51 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.28 billion, a P/E ratio of 7.80 and a beta of 1.42. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $60.00. The company’s fifty day moving average is $51.59 and its two-hundred day moving average is $48.83.

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday. Piper Sandler increased their price objective on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Raymond James increased their price objective on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.25.

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.