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

D. E. Shaw & Co. Inc. trimmed its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 62.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,006 shares of the company's stock after selling 182,043 shares during the period. D. E. Shaw & Co. Inc. owned 0.19% of Axos Financial worth $7,544,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.

Axos Financial Trading Down 0.5%

NYSE:AX traded down $0.33 during trading hours on Monday, reaching $72.08. The company's stock had a trading volume of 298,915 shares, compared to its average volume of 520,452. 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 firm has a 50-day simple moving average of $63.68 and a 200-day simple moving average of $69.85. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 9.69 and a beta of 1.25. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results 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. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The firm had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the prior year, the company earned $1.91 EPS. Research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its Board of Directors has authorized a stock buyback program on Monday, May 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

AX has been the subject of a number of recent research reports. Raymond James restated an "outperform" rating and issued a $72.00 price objective (down from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. DA Davidson reduced their price objective on 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 price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lowered 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's stock. Based on data from MarketBeat, Axos Financial presently 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.