Guggenheim Capital LLC Sells 61,547 Shares of Axos Financial, Inc. (NYSE:AX)

Guggenheim Capital LLC lowered its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 94.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,699 shares of the company's stock after selling 61,547 shares during the period. Guggenheim Capital LLC's holdings in Axos Financial were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AX. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in Axos Financial during the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new stake in Axos Financial during the fourth quarter worth $66,000. SRS Capital Advisors Inc. boosted its holdings in shares of Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after purchasing an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Axos Financial by 206.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after purchasing an additional 849 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.07% of the company's stock.

Axos Financial Trading Up 2.6 %

NYSE AX traded up $1.73 on Friday, hitting $67.23. The company's stock had a trading volume of 267,139 shares, compared to its average volume of 524,860. The firm has a market cap of $3.84 billion, a PE ratio of 9.04 and a beta of 1.33. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company's 50-day moving average is $62.53 and its 200 day moving average is $69.52. 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, topping analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The company had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same period in the previous year, the firm earned $1.91 earnings per share. As a group, analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AX. DA Davidson dropped their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler reduced their price target on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $88.00 price target on shares of Axos Financial in a report on Thursday. Raymond James reissued an "outperform" rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research note on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Axos Financial Company 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.