Axos Financial, Inc $AX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Axos Financial, Inc (NYSE:AX) by 32.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,924 shares of the company’s stock after selling 12,520 shares during the quarter. SG Americas Securities LLC’s holdings in Axos Financial were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AX. Royal Bank of Canada grew its position in shares of Axos Financial by 0.9% during the first quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,015 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Axos Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after purchasing an additional 1,429 shares during the last quarter. United Services Automobile Association acquired a new stake in Axos Financial during the 1st quarter worth $212,000. Cetera Investment Advisers boosted its stake in Axos Financial by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after purchasing an additional 141 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Axos Financial during the 2nd quarter worth $6,252,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director owned 7,646 shares in the company, valued at $671,089.42. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 in the company, valued at $384,671.84. This represents a 26.47% decrease in their position. The SEC filing for this sale provides additional information. 4.85% of the stock is owned by company insiders.

Axos Financial Stock Performance

Shares of AX opened at $98.99 on Thursday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 12.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $101.92. The company’s fifty day moving average is $89.72 and its two-hundred day moving average is $90.39.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same quarter last year, the business posted $1.81 EPS. On average, sell-side analysts predict that Axos Financial, Inc will post 8.38 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.