Voloridge Investment Management LLC Sells 85,816 Shares of Axos Financial, Inc. (NYSE:AX)

Voloridge Investment Management LLC trimmed its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,655 shares of the company's stock after selling 85,816 shares during the period. Voloridge Investment Management LLC owned about 0.67% of Axos Financial worth $26,798,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Axos Financial in the 4th quarter worth approximately $200,000. Avior Wealth Management LLC raised its holdings in shares of Axos Financial by 83.5% in the 4th quarter. Avior Wealth Management LLC now owns 1,486 shares of the company's stock worth $104,000 after purchasing an additional 676 shares in the last quarter. Inspire Investing LLC lifted its stake in Axos Financial by 12.3% during the fourth quarter. Inspire Investing LLC now owns 14,223 shares of the company's stock valued at $994,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Axos Financial by 5.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,621 shares of the company's stock worth $1,091,000 after buying an additional 820 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial 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 owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This represents a 41.38% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. DA Davidson reduced their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a research note on Thursday, May 1st. Finally, Raymond James reaffirmed an "outperform" rating and set a $72.00 price objective (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.71.

Axos Financial Stock Up 2.0%

AX stock traded up $1.41 during midday trading on Tuesday, reaching $70.99. The company had a trading volume of 42,817 shares, compared to its average volume of 514,888. The company has a 50 day moving average of $64.53 and a two-hundred day moving average of $69.72. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The company has a market capitalization of $4.00 billion, a P/E ratio of 9.54 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $305.04 million. During the same period last year, the company earned $1.91 earnings per share. On average, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its Board of Directors has authorized a share repurchase program on Monday, May 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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.