Allspring Global Investments Holdings LLC Sells 13,286 Shares of Axos Financial, Inc (NYSE:AX)

Allspring Global Investments Holdings LLC reduced its position in Axos Financial, Inc (NYSE:AX - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,286 shares of the company's stock after selling 13,286 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of Axos Financial worth $7,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Axos Financial during the 4th quarter worth $35,000. NewEdge Advisors LLC increased its stake in shares of Axos Financial by 1,700.0% during the fourth 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. SRS Capital Advisors Inc. boosted its holdings in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after purchasing an additional 773 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Axos Financial by 425.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,509 shares of the company's stock valued at $107,000 after acquiring an additional 1,222 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Axos Financial by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after purchasing an additional 516 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Trading Up 0.7%

Shares of Axos Financial stock traded up $0.61 during trading on Friday, reaching $83.79. 328,432 shares of the company were exchanged, compared to its average volume of 473,340. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $88.46. The business has a 50-day moving average price of $71.57 and a 200-day moving average price of $68.28. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 11.42 and a beta of 1.29.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. 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 previous year, the firm earned $1.91 earnings per share. Sell-side analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its Board of Directors has approved a share repurchase program on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the sale, the director directly owned 113,295 shares of the company's stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler cut their price objective 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, May 1st. Wall Street Zen lowered Axos Financial from a "hold" rating to a "sell" rating in a report on Saturday. Needham & Company LLC increased their price objective on Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday. DA Davidson lowered their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.29.

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.