Janus Henderson Group PLC Sells 27,115 Shares of Axos Financial, Inc $AX

Key Points

• Janus Henderson Group cut its Axos Financial stake by 53.1% in the first quarter, selling 27,115 shares and retaining 23,907 shares worth approximately $2.04 million.
• Analyst sentiment remains positive: Axos Financial has a consensus “Buy” rating and an average price target of $114.83, with recent targets ranging from $110 to $128.
• Axos Financial shares opened at $100.18, near their 52-week high of $105.74, while institutional investors held 83.79% of the company and insiders owned 4.85%.

Janus Henderson Group PLC decreased its position in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 53.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,907 shares of the company's stock after selling 27,115 shares during the quarter. Janus Henderson Group PLC's holdings in Axos Financial were worth $2,036,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new stake in Axos Financial in the 4th quarter worth $26,000. Basepoint Wealth LLC purchased a new position in shares of Axos Financial in the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. purchased a new position in shares of Axos Financial in the third quarter valued at about $29,000. State of Wyoming bought a new position in shares of Axos Financial in the first quarter worth about $30,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock worth $34,000 after acquiring an additional 333 shares during the period. Institutional investors own 83.79% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on AX shares. Needham & Company LLC lifted their target price on Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 31st. DA Davidson set a $121.00 target price on shares of Axos Financial in a research note on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Benchmark started coverage on Axos Financial in a research report on Wednesday, July 8th. They issued a "buy" rating and a $115.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Axos Financial presently has a consensus rating of "Buy" and an average price target of $114.83.

Axos Financial Price Performance

Axos Financial stock opened at $100.18 on Friday. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 11.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74. The firm has a 50-day moving average of $94.99 and a two-hundred day moving average of $92.21.

Insider Activity at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the sale, the executive vice president owned 4,592 shares of the company's stock, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.85% of the stock is owned by corporate insiders.

Axos Financial Profile

Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

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