AXOS FINANCIAL, INC $AX Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Axos Financial by 23.3% in the first quarter, leaving it with 12,590 shares valued at approximately $812,000.
• Several other institutional investors, including the New York State Common Retirement Fund and SummerHaven Investment Management LLC, have increased their holdings in Axos Financial, suggesting a mixed sentiment among investors.
• Analysts have revised price targets for Axos Financial, with some raising them significantly; for instance, DA Davidson updated its target from $96.00 to $100.00, reflecting strong potential for the stock.

Dynamic Technology Lab Private Ltd lowered its position in AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,590 shares of the company's stock after selling 3,830 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in AXOS FINANCIAL were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AX. Heck Capital Advisors LLC purchased a new stake in shares of AXOS FINANCIAL in the fourth quarter valued at about $35,000. GAMMA Investing LLC grew its holdings in shares of AXOS FINANCIAL by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after purchasing an additional 516 shares during the period. Quarry LP purchased a new stake in shares of AXOS FINANCIAL in the first quarter valued at about $119,000. Palouse Capital Management Inc. grew its holdings in shares of AXOS FINANCIAL by 37.2% in the first quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock valued at $171,000 after purchasing an additional 718 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AXOS FINANCIAL in the fourth quarter valued at about $205,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AX. DA Davidson upped their price objective on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $95.00 price target (up from $90.00) on shares of AXOS FINANCIAL in a research report on Thursday, July 31st. Jefferies Financial Group began coverage on shares of AXOS FINANCIAL in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target for the company. Needham & Company LLC lifted their price target on shares of AXOS FINANCIAL from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of AXOS FINANCIAL from $90.00 to $94.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.86.

Insider Activity at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the transaction, the executive vice president owned 67,460 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Candace L. Thiele sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares of the company's stock, valued at approximately $2,073.22. The trade was a 96.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

AXOS FINANCIAL Stock Down 0.8%

Shares of NYSE AX traded down $0.72 during midday trading on Friday, hitting $91.53. The company's stock had a trading volume of 199,559 shares, compared to its average volume of 282,828. The business's fifty day simple moving average is $87.36 and its two-hundred day simple moving average is $74.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. AXOS FINANCIAL, INC has a 1 year low of $54.46 and a 1 year high of $93.84. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 12.27 and a beta of 1.32.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.82 by $0.12. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business had revenue of $321.45 million during the quarter, compared to analyst estimates of $311.73 million. During the same quarter last year, the firm posted $1.83 earnings per share. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts predict that AXOS FINANCIAL, INC will post 7.22 EPS for the current year.

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.