Royce & Associates LP Sells 12,052 Shares of Axos Financial, Inc. (NYSE:AX)

Royce & Associates LP lowered its stake in Axos Financial, Inc. (NYSE:AX) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,951 shares of the company’s stock after selling 12,052 shares during the period. Royce & Associates LP’s holdings in Axos Financial were worth $7,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after acquiring an additional 39,091 shares during the last quarter. Barclays PLC boosted its holdings in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after purchasing an additional 35,087 shares during the period. Principal Financial Group Inc. grew its stake in shares of Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after purchasing an additional 17,201 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Axos Financial during the 4th quarter valued at approximately $9,849,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of AX opened at $63.51 on Wednesday. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.63 billion, a P/E ratio of 8.54 and a beta of 1.45. The business’s 50 day moving average price is $68.37 and its 200-day moving average price is $70.09.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Equities research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AX has been the topic of a number of recent analyst reports. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Needham & Company LLC boosted their price target on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

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.