Voya Investment Management LLC Sells 1,596 Shares of Axos Financial, Inc $AX

Voya Investment Management LLC trimmed its stake in shares of Axos Financial, Inc (NYSE:AX) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,667 shares of the company’s stock after selling 1,596 shares during the quarter. Voya Investment Management LLC’s holdings in Axos Financial were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP lifted its stake in shares of Axos Financial by 55.9% in the 4th quarter. Two Sigma Advisers LP now owns 41,816 shares of the company’s stock valued at $2,921,000 after purchasing an additional 15,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Axos Financial by 25.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,710 shares of the company’s stock worth $7,663,000 after purchasing an additional 22,304 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Axos Financial in the fourth quarter worth $35,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Axos Financial in the fourth quarter worth $288,000. Finally, GAMMA Investing LLC grew its holdings in shares of Axos Financial by 8,878.0% in the first quarter. GAMMA Investing LLC now owns 118,330 shares of the company’s stock worth $7,635,000 after acquiring an additional 117,012 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AX shares. Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Raymond James Financial reissued an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of Axos Financial in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Needham & Company LLC raised their price objective on Axos Financial from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, DA Davidson increased their price target on Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.33.

Axos Financial Stock Performance

Shares of AX opened at $87.56 on Thursday. The stock has a 50-day moving average of $88.11 and a two-hundred day moving average of $75.44. Axos Financial, Inc has a one year low of $54.46 and a one year high of $93.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $4.95 billion, a P/E ratio of 11.74 and a beta of 1.32.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.12. The business had revenue of $321.45 million during the quarter, compared to analysts’ expectations of $311.73 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. As a group, research analysts predict that Axos Financial, Inc will post 7.22 EPS for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president directly owned 23 shares in the company, valued at approximately $2,073.22. The trade was a 96.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 13,960 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company’s stock, valued at $5,759,734.80. This trade represents a 17.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by 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.