Epoch Investment Partners Inc. Lowers Position in Axos Financial, Inc $AX

Epoch Investment Partners Inc. lessened its stake in Axos Financial, Inc (NYSE:AX) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,051 shares of the company’s stock after selling 7,338 shares during the period. Epoch Investment Partners Inc. owned about 0.07% of Axos Financial worth $3,278,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new stake in Axos Financial in the 4th quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. purchased a new stake in Axos Financial in the 3rd quarter worth approximately $29,000. Bessemer Group Inc. boosted its position in Axos Financial by 59.6% in the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AX. Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Zacks Research cut shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Axos Financial in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.40.

Axos Financial Stock Down 0.9%

Shares of AX opened at $89.49 on Tuesday. Axos Financial, Inc has a 52-week low of $69.25 and a 52-week high of $101.92. The company has a market capitalization of $5.09 billion, a PE ratio of 10.87 and a beta of 1.24. The stock has a fifty day simple moving average of $89.77 and a two-hundred day simple moving average of $89.63. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The company had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. During the same period last year, the business earned $1.81 earnings per share. As a group, equities analysts forecast that Axos Financial, Inc will post 8.49 EPS for the current year.

Insiders Place Their Bets

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director directly owned 7,646 shares of the company’s stock, valued at $671,089.42. This trade represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the sale, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This trade represents a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is owned by company insiders.

Axos Financial Company Profile

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.