Axos Financial, Inc. (NYSE:AX) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,047 shares of the company's stock after selling 30,662 shares during the quarter. 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 have also modified their holdings of the stock. Raiffeisen Bank International AG acquired a new position in Axos Financial during the 4th quarter valued at about $214,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $205,000. Redwood Investments LLC increased its stake in shares of Axos Financial by 192.2% during the fourth quarter. Redwood Investments LLC now owns 90,712 shares of the company's stock valued at $6,336,000 after acquiring an additional 59,667 shares during the period. ProShare Advisors LLC raised its holdings in Axos Financial by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 16,461 shares of the company's stock worth $1,150,000 after purchasing an additional 5,070 shares in the last quarter. Finally, Quantedge Capital Pte Ltd raised its holdings in Axos Financial by 79.8% during the fourth quarter. Quantedge Capital Pte Ltd now owns 82,700 shares of the company's stock worth $5,777,000 after purchasing an additional 36,700 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Up 0.5%

NYSE:AX opened at $69.70 on Friday. The stock has a fifty day simple moving average of $64.30 and a 200 day simple moving average of $69.93. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.37 and a beta of 1.25. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

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

Axos Financial declared that its Board of Directors has authorized a stock repurchase plan on Monday, May 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AX shares. Raymond James reaffirmed an "outperform" rating and set a $72.00 price target (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research note on Thursday, May 1st. Keefe, Bruyette & Woods dropped 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 research report on Wednesday, January 29th. DA Davidson cut their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group initiated coverage on shares of Axos Financial in a research note on Wednesday. They issued a "buy" rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and a consensus target price of $82.71.

Insider Activity

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the transaction, the director now directly owns 113,295 shares in the company, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company's stock.

Axos Financial 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.

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