Renaissance Technologies LLC Sells 98,116 Shares of Axos Financial, Inc. (NYSE:AX)

Renaissance Technologies LLC reduced its position in shares of Axos Financial, Inc. (NYSE:AX) by 90.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,684 shares of the company’s stock after selling 98,116 shares during the quarter. Renaissance Technologies LLC’s holdings in Axos Financial were worth $746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after buying an additional 35,087 shares during the period. Virtu Financial LLC purchased a new position in shares of Axos Financial in the third quarter valued at about $277,000. World Investment Advisors LLC bought a new position in shares of Axos Financial in the third quarter worth about $221,000. Principal Financial Group Inc. grew its position in shares of Axos Financial by 27.9% during the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after purchasing an additional 70,017 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Up 3.3 %

NYSE:AX opened at $65.57 on Friday. 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 stock has a market capitalization of $3.74 billion, a P/E ratio of 8.81 and a beta of 1.33. The company’s 50-day simple moving average is $62.53 and its 200-day simple moving average is $69.52. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The business had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same period in the previous year, the company earned $1.91 earnings per share. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AX. Raymond James restated 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. Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Piper Sandler decreased their price objective on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. DA Davidson lowered their target price on Axos Financial from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $88.00 price target on shares of Axos Financial in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.83.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.07% of the company’s stock.

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.