Emerald Mutual Fund Advisers Trust Cuts Stake in Axos Financial, Inc. (NYSE:AX)

Emerald Mutual Fund Advisers Trust cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 363,398 shares of the company's stock after selling 59,062 shares during the quarter. Axos Financial comprises 1.5% of Emerald Mutual Fund Advisers Trust's holdings, making the stock its 12th biggest position. Emerald Mutual Fund Advisers Trust owned approximately 0.64% of Axos Financial worth $25,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its holdings in Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after purchasing an additional 35,087 shares during the period. Virtu Financial LLC bought a new stake in Axos Financial in the 3rd quarter valued at about $277,000. World Investment Advisors LLC bought a new stake in Axos Financial in the 3rd quarter valued at about $221,000. Principal Financial Group Inc. boosted its holdings in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after purchasing an additional 70,017 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Axos Financial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock valued at $17,711,000 after buying an additional 32,095 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.07% of the company's stock.

Axos Financial Stock Up 3.3 %

Axos Financial stock traded up $2.09 during mid-day trading on Thursday, reaching $65.57. The stock had a trading volume of 602,980 shares, compared to its average volume of 525,866. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.81 and a beta of 1.33. The company has a 50-day moving average price of $62.53 and a two-hundred day moving average price of $69.52. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $305.04 million. During the same period in the prior year, the company earned $1.91 earnings per share. On average, analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson lowered their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Raymond James reiterated an "outperform" rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC restated a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a research report on Thursday. Finally, Piper Sandler decreased their price target 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.83.

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.