Axos Financial, Inc. (NYSE:AX) Position Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 62.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,006 shares of the company's stock after selling 182,043 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.19% of Axos Financial worth $7,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AX. Illinois Municipal Retirement Fund boosted its position in shares of Axos Financial by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock worth $2,090,000 after buying an additional 196 shares in the last quarter. Versor Investments LP raised its position in Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after acquiring an additional 200 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Axos Financial by 3.4% in the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock valued at $511,000 after purchasing an additional 241 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Axos Financial by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,717 shares of the company's stock valued at $399,000 after purchasing an additional 254 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Axos Financial by 2.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In other news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction that occurred 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 owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at $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.

Wall Street Analyst Weigh In

AX has been the subject of several recent analyst reports. DA Davidson lowered their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Piper Sandler reduced their target price 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. Keefe, Bruyette & Woods decreased their price target on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Raymond James reaffirmed an "outperform" rating and set a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Finally, Jefferies Financial Group began coverage on shares of Axos Financial in a report on Wednesday. They set a "buy" rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $82.71.

Axos Financial Trading Down 1.0%

AX traded down $0.72 on Wednesday, reaching $71.19. 23,551 shares of the company's stock were exchanged, compared to its average volume of 411,573. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The company's 50 day moving average is $64.07 and its 200-day moving average is $69.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 9.57 and a beta of 1.25.

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, topping the consensus estimate of $1.74 by $0.07. The company had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the prior year, the business earned $1.91 earnings per share. Equities analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial announced that its Board of Directors has authorized a stock buyback plan on Monday, May 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.