Axos Financial, Inc. (NYSE:AX) Stake Reduced by Renaissance Technologies LLC

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Axos Financial by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock valued at $17,711,000 after acquiring an additional 32,095 shares in the last quarter. Barclays PLC raised its holdings in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock worth $8,974,000 after purchasing an additional 35,087 shares during the last quarter. Principal Financial Group Inc. boosted its position in Axos Financial by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company's stock worth $23,604,000 after purchasing an additional 17,201 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Axos Financial in the fourth quarter valued at $9,849,000. Finally, Empowered Funds LLC increased its position in shares of Axos Financial by 28.2% in the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company's stock valued at $1,139,000 after buying an additional 3,588 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AX shares. Keefe, Bruyette & Woods decreased their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a research report on Thursday, May 1st. 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 report on Friday, May 2nd. DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Piper Sandler dropped their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Three equities 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, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the transaction, the director now owns 113,295 shares in the company, valued at $7,714,256.55. This trade represents a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Trading Down 0.1 %

NYSE AX traded down $0.05 during trading hours on Wednesday, hitting $67.10. 307,518 shares of the company's stock were exchanged, compared to its average volume of 521,094. The business's 50 day moving average is $62.62 and its 200-day moving average is $69.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm has a market capitalization of $3.78 billion, a P/E ratio of 9.02 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. The firm had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same period in the previous year, the firm earned $1.91 earnings per share. As a group, analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.