Two Sigma Investments LP Sells 30,662 Shares of Axos Financial, Inc. (NYSE:AX)

Two Sigma Investments LP lowered its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,047 shares of the company's stock after selling 30,662 shares during the period. Two Sigma Investments LP owned about 0.39% of Axos Financial worth $15,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AX. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the 4th quarter valued at about $35,000. Kestra Investment Management LLC bought a new stake in shares of Axos Financial in the 4th quarter valued at about $52,000. NewEdge Advisors LLC lifted its stake in shares of Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd bought a new stake in shares of Axos Financial in the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Transactions at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now directly owns 113,295 shares of the company's stock, valued at $7,714,256.55. This trade represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.07% of the company's stock.

Axos Financial Trading Down 1.1%

Shares of Axos Financial stock traded down $0.80 during midday trading on Wednesday, reaching $70.76. 40,297 shares of the company's stock traded hands, compared to its average volume of 513,663. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $3.99 billion, a PE ratio of 9.51 and a beta of 1.25. The stock has a 50 day moving average of $64.68 and a 200-day moving average of $69.73. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The business had revenue of $432.72 million for the quarter, compared to analysts' expectations of $305.04 million. During the same period in the previous year, the firm posted $1.91 EPS. As a group, equities analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial declared that its board has authorized a share buyback plan on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AX. DA Davidson cut their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods cut 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. Jefferies Financial Group assumed coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $88.00 price target on shares of Axos Financial in a report on Thursday, May 1st. Finally, Piper Sandler reduced 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and an average price target of $82.71.

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.