Mutual of America Capital Management LLC Sells 1,019 Shares of Axos Financial, Inc $AX

Mutual of America Capital Management LLC reduced its stake in Axos Financial, Inc (NYSE:AX) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,880 shares of the company’s stock after selling 1,019 shares during the period. Mutual of America Capital Management LLC’s holdings in Axos Financial were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in shares of Axos Financial by 360.7% during the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock valued at $37,000 after purchasing an additional 386 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Axos Financial by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock valued at $118,000 after purchasing an additional 516 shares in the last quarter. Quarry LP bought a new position in shares of Axos Financial during the first quarter valued at approximately $119,000. Strs Ohio bought a new position in shares of Axos Financial during the first quarter valued at approximately $194,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Axos Financial during the second quarter valued at approximately $208,000. 83.79% of the stock is owned by institutional investors.

Insider Activity at Axos Financial

In related news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president owned 23 shares in the company, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares in the company, valued at $5,759,734.80. This represents a 17.15% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 0.6%

NYSE:AX opened at $80.62 on Wednesday. The company’s 50 day moving average price is $86.25 and its 200-day moving average price is $78.94. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $93.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 10.81 and a beta of 1.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AX shares. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. DA Davidson raised their target price on shares of Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Tuesday, October 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Finally, Wall Street Zen raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Axos Financial has a consensus rating of “Moderate Buy” and an average price target of $96.83.

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.