AlphaMark Advisors LLC Sells 438 Shares of Axos Financial, Inc. (NYSE:AX)

AlphaMark Advisors LLC lowered its holdings in Axos Financial, Inc. (NYSE:AX) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,091 shares of the company’s stock after selling 438 shares during the quarter. AlphaMark Advisors LLC’s holdings in Axos Financial were worth $320,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AX. Lazard Asset Management LLC increased its holdings in shares of Axos Financial by 6.1% in the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after purchasing an additional 14,953 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Axos Financial by 122.2% in the 1st quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after buying an additional 17,288 shares during the period. First Eagle Investment Management LLC raised its position in shares of Axos Financial by 7.2% during the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock worth $10,136,000 after acquiring an additional 12,650 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Axos Financial by 37.6% during the first quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after acquiring an additional 12,560 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Axos Financial during the first quarter valued at $8,249,000. Institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AX. Needham & Company LLC initiated coverage on Axos Financial in a report on Friday, October 11th. They set a “buy” rating and a $82.00 price objective for the company. Raymond James boosted their price target on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler raised their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wedbush dropped their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.20.

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.82% of the company’s stock.

Axos Financial Stock Down 2.4 %

Shares of NYSE AX opened at $66.58 on Friday. The firm has a 50 day moving average price of $64.43 and a 200 day moving average price of $60.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $3.79 billion, a P/E ratio of 9.03 and a beta of 1.39. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.80. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter in the previous year, the business earned $1.50 EPS. Analysts expect that Axos Financial, Inc. will post 7.12 EPS for the current year.

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.