AXOS FINANCIAL, INC $AX Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Axos Financial by 5.0%, now owning 2,449,370 shares valued at approximately $158 million.
• Several hedge funds have increased their investments in Axos Financial, with Russell Investments lifting its stake by 123.4% during the same period.
• Analysts have set a consensus rating of "Moderate Buy" for Axos Financial, with an average price target of $90.86.

Dimensional Fund Advisors LP lessened its position in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,449,370 shares of the company's stock after selling 130,028 shares during the quarter. Dimensional Fund Advisors LP owned 4.34% of AXOS FINANCIAL worth $158,026,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its stake in shares of AXOS FINANCIAL by 1.1% in the first quarter. New York State Common Retirement Fund now owns 17,143 shares of the company's stock worth $1,106,000 after buying an additional 181 shares during the period. SummerHaven Investment Management LLC increased its holdings in AXOS FINANCIAL by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company's stock worth $864,000 after acquiring an additional 206 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in AXOS FINANCIAL by 1.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,844 shares of the company's stock worth $1,022,000 after acquiring an additional 223 shares during the period. Stifel Financial Corp raised its stake in AXOS FINANCIAL by 3.4% during the 4th quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock worth $511,000 after acquiring an additional 241 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in AXOS FINANCIAL by 2.5% during the fourth quarter. Hancock Whitney Corp now owns 11,202 shares of the company's stock valued at $782,000 after purchasing an additional 271 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

AXOS FINANCIAL Price Performance

AXOS FINANCIAL stock traded down $0.68 during midday trading on Monday, reaching $90.06. 408,278 shares of the stock traded hands, compared to its average volume of 373,307. The stock has a market cap of $5.09 billion, a P/E ratio of 12.07 and a beta of 1.32. The stock's fifty day moving average is $83.11 and its 200-day moving average is $72.05. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. AXOS FINANCIAL, INC has a 12 month low of $54.46 and a 12 month high of $91.17.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. The business had revenue of $321.45 million during the quarter, compared to analysts' expectations of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. As a group, equities research analysts anticipate that AXOS FINANCIAL, INC will post 7.22 EPS for the current year.

AXOS FINANCIAL announced that its Board of Directors has authorized a stock repurchase program on Monday, May 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently commented on AX. DA Davidson raised their price objective on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC raised their price target on AXOS FINANCIAL from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price objective on AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $95.00 target price (up previously from $90.00) on shares of AXOS FINANCIAL in a research report on Thursday, July 31st. Finally, Piper Sandler lowered their price target on AXOS FINANCIAL from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, AXOS FINANCIAL currently has an average rating of "Moderate Buy" and an average price target of $90.86.

Insider Buying and Selling at AXOS FINANCIAL

In other AXOS FINANCIAL news, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.38, for a total value of $1,191,904.80. Following the sale, the executive vice president owned 67,460 shares in the company, valued at $5,759,734.80. This trade represents a 17.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.07% of the company's stock.

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.