Thrivent Financial for Lutherans Sells 18,367 Shares of Axos Financial, Inc $AX

Thrivent Financial for Lutherans lessened its stake in shares of Axos Financial, Inc (NYSE:AX) by 28.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,332 shares of the company’s stock after selling 18,367 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Axos Financial worth $3,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its position in shares of Axos Financial by 120.9% during the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after acquiring an additional 237 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares during the period. IFP Advisors Inc grew its holdings in 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 during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Axos Financial in the second quarter worth $96,000. Finally, Sprucegrove Investment Management Ltd. bought a new stake in shares of Axos Financial in the second quarter valued at $99,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Trading Down 0.9%

Shares of Axos Financial stock opened at $87.58 on Monday. The company’s 50-day moving average price is $81.40 and its 200-day moving average price is $83.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $93.84. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 11.72 and a beta of 1.28.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.86 by $0.21. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. The company had revenue of $323.39 million during the quarter, compared to analysts’ expectations of $319.96 million. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, equities analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a research note on Monday, December 8th. Needham & Company LLC increased their target price on shares of Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. DA Davidson lifted their target price on shares of Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a research note on Monday, December 8th. Keefe, Bruyette & Woods upped their price target 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.42.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 2,145 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the transaction, the director owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. The trade was a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the transaction, the director owned 12,919 shares in the company, valued at approximately $1,114,005.37. This trade represents a 14.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.85% of the company’s stock.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.