Bridgeway Capital Management LLC Reduces Holdings in Axos Financial, Inc. (NYSE:AX)

Bridgeway Capital Management LLC lessened its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 14.3% during the 4th quarter, according to its most recent disclosure 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 period. Bridgeway Capital Management LLC owned 0.15% of Axos Financial worth $6,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Boston Partners acquired a new position in shares of Axos Financial in the 4th quarter valued at $29,918,000. Raymond James Financial Inc. acquired a new position in shares of Axos Financial in the fourth quarter valued at about $16,464,000. American Century Companies Inc. raised its stake in shares of Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock worth $130,953,000 after purchasing an additional 163,952 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Axos Financial by 255.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock worth $13,946,000 after purchasing an additional 143,474 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Axos Financial in the fourth quarter valued at approximately $9,849,000. 83.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director now owns 113,295 shares in the company, valued at approximately $7,714,256.55. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This represents 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.

Axos Financial Price Performance

AX traded up $1.01 during trading on Tuesday, hitting $73.24. The company's stock had a trading volume of 79,110 shares, compared to its average volume of 519,305. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 9.84 and a beta of 1.25. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The business's fifty day simple moving average is $62.92 and its 200 day simple moving average is $69.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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

Axos Financial announced that its Board of Directors has initiated a share repurchase program on Monday, May 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Axos Financial 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.