Renaissance Technologies LLC Reduces Stake in Axos Financial, Inc. (NYSE:AX)

Renaissance Technologies LLC reduced its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 90.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,684 shares of the company's stock after selling 98,116 shares during the period. Renaissance Technologies LLC's holdings in Axos Financial were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new position in Axos Financial during the 4th quarter valued at $52,000. R Squared Ltd purchased a new stake in shares of Axos Financial in the 4th quarter worth about $66,000. SRS Capital Advisors Inc. grew its stake in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Axos Financial by 206.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock worth $88,000 after buying an additional 849 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Up 0.5 %

NYSE:AX traded up $0.35 during mid-day trading on Monday, hitting $67.72. The company had a trading volume of 350,070 shares, compared to its average volume of 523,076. The business's fifty day moving average is $62.56 and its two-hundred day moving average is $69.55. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $3.82 billion, a P/E ratio of 9.10 and a beta of 1.25.

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

Analyst Ratings Changes

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

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.