Foundry Partners LLC Cuts Stake in Axos Financial, Inc. (NYSE:AX)

Foundry Partners LLC reduced its stake in Axos Financial, Inc. (NYSE:AX) by 20.3% during the fourth quarter, HoldingsChannel reports. The fund owned 6,376 shares of the company’s stock after selling 1,628 shares during the period. Foundry Partners LLC’s holdings in Axos Financial were worth $348,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Davis Asset Management L.P. boosted its position in shares of Axos Financial by 5.3% during the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock valued at $56,790,000 after buying an additional 75,000 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Axos Financial by 152.8% during the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after buying an additional 843,606 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Axos Financial by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock valued at $52,119,000 after buying an additional 74,649 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Axos Financial by 9.7% during the third quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock valued at $24,308,000 after buying an additional 56,634 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Axos Financial by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 602,675 shares of the company’s stock valued at $22,817,000 after buying an additional 22,253 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Up 2.3 %

Shares of NYSE:AX opened at $51.47 on Tuesday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 7.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day simple moving average is $51.49 and its two-hundred day simple moving average is $47.94. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $60.00.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.21. The business had revenue of $352.74 million for the quarter, compared to analysts’ expectations of $247.43 million. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period last year, the firm posted $1.38 earnings per share. Analysts expect that Axos Financial, Inc. will post 6.45 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Sara Wardell-Smith acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the transaction, the executive vice president now directly owns 427,535 shares in the company, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Wall Street Analyst Weigh In

AX has been the topic of several recent analyst reports. Raymond James increased their price objective on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Wedbush increased their price objective on Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st.

About Axos Financial

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.