GTS Securities LLC Sells 30,334 Shares of Axos Financial, Inc. (NYSE:AX)

GTS Securities LLC decreased its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 86.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,737 shares of the company's stock after selling 30,334 shares during the period. GTS Securities LLC's holdings in Axos Financial were worth $331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after buying an additional 35,087 shares during the period. Principal Financial Group Inc. raised its stake in Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock valued at $23,604,000 after buying an additional 17,201 shares during the period. 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 purchasing an additional 850 shares during the period. Empowered Funds LLC increased its stake in shares of Axos Financial by 28.2% during the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock worth $1,139,000 after purchasing an additional 3,588 shares during the period. Finally, Swiss National Bank increased its stake in shares of Axos Financial by 0.7% during the fourth quarter. Swiss National Bank now owns 106,400 shares of the company's stock worth $7,432,000 after purchasing an additional 700 shares during the period. Institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

NYSE:AX traded down $1.08 during trading hours on Friday, reaching $69.57. 432,697 shares of the company were exchanged, compared to its average volume of 509,860. The company has a market capitalization of $3.92 billion, a P/E ratio of 9.35 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 debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day moving average of $64.95 and a 200 day moving average of $69.54.

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

Axos Financial announced that its board has authorized a stock buyback plan on Monday, May 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits 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 stock is undervalued.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the sale, the director now directly owns 113,295 shares in the company, valued at approximately $7,714,256.55. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AX. Piper Sandler lowered their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group began coverage on Axos Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research note on Thursday, May 1st. DA Davidson lowered their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Raymond James reiterated an "outperform" rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Axos Financial presently has an average rating of "Moderate Buy" and an average target price of $82.71.

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.