Dynamic Technology Lab Private Ltd Lowers Stock Position in Axos Financial, Inc. (NYSE:AX)

Dynamic Technology Lab Private Ltd decreased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,420 shares of the company's stock after selling 6,506 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Axos Financial were worth $1,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its position in Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock valued at $2,090,000 after acquiring an additional 196 shares during the last quarter. Versor Investments LP lifted its stake in Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after purchasing an additional 200 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after buying an additional 266 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Axos Financial by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company's stock worth $3,012,000 after buying an additional 279 shares during the period. Finally, World Investment Advisors lifted its stake in shares of Axos Financial by 8.5% in the 4th quarter. World Investment Advisors now owns 3,821 shares of the company's stock valued at $267,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Down 1.7 %

Shares of AX traded down $0.97 on Friday, reaching $56.21. The stock had a trading volume of 101,128 shares, compared to its average volume of 529,554. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 7.55 and a beta of 1.33. The company has a 50-day simple moving average of $65.24 and a 200-day simple moving average of $69.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AX shares. 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 reissued an "outperform" rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. 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 research note on Thursday, January 30th. Finally, Needham & Company LLC raised their target price on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Axos Financial Company 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.