Dimensional Fund Advisors LP Has $183.85 Million Stake in Axos Financial, Inc $AX

Dimensional Fund Advisors LP reduced its holdings in Axos Financial, Inc (NYSE:AX) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171,772 shares of the company’s stock after selling 155,758 shares during the quarter. Dimensional Fund Advisors LP owned 3.83% of Axos Financial worth $183,848,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Horizon Investment Services LLC increased its stake in Axos Financial by 297.1% during the 3rd quarter. Horizon Investment Services LLC now owns 14,586 shares of the company’s stock worth $1,235,000 after purchasing an additional 10,913 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Axos Financial by 62.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock valued at $21,538,000 after buying an additional 99,042 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 1.5% in the third quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock valued at $204,304,000 after buying an additional 35,391 shares during the period. Argent Capital Management LLC boosted its holdings in shares of Axos Financial by 36.7% in the third quarter. Argent Capital Management LLC now owns 53,690 shares of the company’s stock valued at $4,545,000 after buying an additional 14,415 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Axos Financial by 281.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,419 shares of the company’s stock worth $3,386,000 after acquiring an additional 29,833 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $86.21 on Monday. The firm’s 50 day moving average is $93.32 and its 200-day moving average is $87.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.89 billion, a PE ratio of 10.93 and a beta of 1.27. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $101.92.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.07 by $0.18. The business had revenue of $385.09 million during the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 earnings per share. Equities research analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Axos Financial in a report on Friday, February 13th. DA Davidson upped their target price on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Jefferies Financial Group increased their target price on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $104.50.

Insiders Place Their Bets

In other news, EVP Derrick Walsh sold 4,846 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the transaction, the executive vice president owned 37,936 shares in the company, valued at $3,839,502.56. This trade represents a 11.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Garrabrants sold 43,294 shares of Axos Financial stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the completion of the sale, the chief executive officer directly owned 1,418,751 shares in the company, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 59,303 shares of company stock valued at $5,908,474 in the last three months. 4.85% of the stock is currently owned by corporate insiders.

Axos Financial Company Profile

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.