Bridgeway Capital Management LLC Sells 14,700 Shares of Axos Financial, Inc. (NYSE:AX)

Bridgeway Capital Management LLC decreased its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,200 shares of the company's stock after selling 14,700 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.15% of Axos Financial worth $6,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Brevan Howard Capital Management LP acquired a new position in shares of Axos Financial during the 4th quarter worth approximately $384,000. Bridgefront Capital LLC bought a new position in shares of Axos Financial in the 4th quarter valued at $201,000. Balyasny Asset Management L.P. boosted its stake in shares of Axos Financial by 112.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 31,051 shares of the company's stock valued at $2,169,000 after purchasing an additional 16,430 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Axos Financial during the 4th quarter worth approximately $596,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Axos Financial by 8.7% in the fourth quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock worth $47,330,000 after purchasing an additional 54,238 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AX. Keefe, Bruyette & Woods lowered their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Piper Sandler decreased their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Raymond James reissued an "outperform" rating and issued a $72.00 price target (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.50.

Axos Financial Stock Performance

Shares of AX stock traded down $0.26 on Friday, hitting $68.76. 212,672 shares of the stock were exchanged, compared to its average volume of 521,773. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.88 billion, a PE ratio of 9.24 and a beta of 1.25. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm's 50 day moving average is $62.77 and its two-hundred day moving average is $69.60.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same period in the previous year, the company posted $1.91 EPS. Sell-side analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.07% 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.