Emerald Mutual Fund Advisers Trust Sells 59,062 Shares of Axos Financial, Inc. (NYSE:AX)

Emerald Mutual Fund Advisers Trust cut its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,398 shares of the company's stock after selling 59,062 shares during the quarter. Axos Financial comprises about 1.5% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 12th biggest holding. Emerald Mutual Fund Advisers Trust owned 0.64% of Axos Financial worth $25,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial during the fourth quarter worth $35,000. Kestra Investment Management LLC purchased a new position in Axos Financial in the 4th quarter worth about $52,000. NewEdge Advisors LLC raised its holdings in Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after buying an additional 850 shares during the period. R Squared Ltd purchased a new stake in Axos Financial during the fourth quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after buying an additional 773 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.07% of the company's stock.

Axos Financial Stock Performance

Shares of Axos Financial stock traded up $1.82 on Friday, reaching $67.32. The stock had a trading volume of 414,245 shares, compared to its average volume of 524,302. The stock has a market cap of $3.84 billion, a P/E ratio of 9.05 and a beta of 1.33. 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, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The business's 50-day moving average price is $62.56 and its two-hundred day moving average price is $69.53.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $305.04 million. During the same quarter last year, the firm posted $1.91 EPS. On average, sell-side analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AX shares. Needham & Company LLC restated a "buy" rating and set a $88.00 price target on shares of Axos Financial in a report on Thursday. Piper Sandler lowered their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday. DA Davidson cut 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 report on Thursday. Keefe, Bruyette & Woods lowered their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Finally, Raymond James reiterated an "outperform" rating and set a $72.00 price objective (down from $80.00) on shares of Axos Financial in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.50.

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.