Axos Financial, Inc $AX Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in shares of Axos Financial, Inc (NYSE:AX) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,987 shares of the company’s stock after selling 12,523 shares during the period. Franklin Resources Inc. owned about 0.25% of Axos Financial worth $10,569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Legal & General Group Plc increased its stake in shares of Axos Financial by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 145,962 shares of the company’s stock worth $11,099,000 after purchasing an additional 1,028 shares in the last quarter. MAI Capital Management raised its holdings in shares of Axos Financial by 10.2% in the second quarter. MAI Capital Management now owns 1,653 shares of the company’s stock worth $126,000 after acquiring an additional 153 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Axos Financial in the second quarter worth $266,000. Empirical Finance LLC lifted its position in shares of Axos Financial by 31.6% in the second quarter. Empirical Finance LLC now owns 54,633 shares of the company’s stock valued at $4,154,000 after acquiring an additional 13,118 shares in the last quarter. Finally, Renaissance Group LLC lifted its position in shares of Axos Financial by 31.4% in the second quarter. Renaissance Group LLC now owns 84,190 shares of the company’s stock valued at $6,402,000 after acquiring an additional 20,109 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price objective (up previously from $95.00) on shares of Axos Financial in a research report on Tuesday, September 23rd. Needham & Company LLC lifted their price target on shares of Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday, September 29th. Finally, DA Davidson boosted their price target on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average target price of $97.17.

Axos Financial Price Performance

Axos Financial stock opened at $82.18 on Friday. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $93.84. The firm has a 50 day moving average price of $81.37 and a 200 day moving average price of $81.49. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 11.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The company had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. During the same quarter last year, the firm posted $1.96 earnings per share. Sell-side analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the business’s stock in a transaction dated 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 owned 23 shares of the company’s stock, valued at approximately $2,073.22. The trade was a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.85% 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.