Axos Financial, Inc. (NYSE:AX) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Axos Financial, Inc. (NYSE:AX) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,705 shares of the company’s stock after selling 612 shares during the quarter. Russell Investments Group Ltd.’s holdings in Axos Financial were worth $1,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AX. Vanguard Group Inc. grew its position in Axos Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock worth $428,153,000 after purchasing an additional 49,695 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock valued at $130,953,000 after purchasing an additional 163,952 shares during the period. Geode Capital Management LLC increased its holdings in shares of Axos Financial by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company’s stock valued at $103,975,000 after purchasing an additional 43,503 shares during the period. Boston Partners acquired a new position in Axos Financial during the 4th quarter valued at about $29,918,000. Finally, JPMorgan Chase & Co. raised its position in shares of Axos Financial by 45.8% during the 4th quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company’s stock worth $28,680,000 after buying an additional 128,932 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.07% of the company’s stock.

Axos Financial Stock Performance

Shares of NYSE AX opened at $60.21 on Monday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day simple moving average is $63.67 and its 200-day simple moving average is $69.58. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Needham & Company LLC upped their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Raymond James reissued an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods dropped their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.