Shaker Investments LLC OH Sells 10,655 Shares of Axos Financial, Inc $AX

Shaker Investments LLC OH cut its position in shares of Axos Financial, Inc (NYSE:AX) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,717 shares of the company’s stock after selling 10,655 shares during the period. Axos Financial accounts for about 13.5% of Shaker Investments LLC OH’s investment portfolio, making the stock its largest position. Shaker Investments LLC OH owned approximately 0.71% of Axos Financial worth $33,836,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AX. True Wealth Design LLC raised its position in Axos Financial by 120.9% during the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after acquiring an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in 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 in the last quarter. IFP Advisors Inc increased its stake in shares of Axos Financial by 360.7% during the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after purchasing an additional 386 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Axos Financial during the 2nd quarter valued at $96,000. Finally, Sprucegrove Investment Management Ltd. acquired a new stake in shares of Axos Financial in the 2nd quarter valued at $99,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $88.37 on Friday. The business has a 50 day moving average price of $82.27 and a 200 day moving average price of $83.61. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $93.84. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 11.83 and a beta of 1.28. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.86 by $0.21. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.The company had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. During the same period in the previous year, the business posted $1.96 EPS. Research analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 2,145 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the transaction, the director owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tamara N. Bohlig sold 2,145 shares of Axos Financial stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $86.23, for a total value of $184,963.35. Following the sale, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. This trade represents a 14.24% 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 22nd. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, September 29th. Raymond James Financial reissued an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. DA Davidson boosted their target price on Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Needham & Company LLC upped their target price on Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.42.

About Axos Financial

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.