Axos Financial, Inc. (NYSE:AX) Stake Reduced by Pembroke Management LTD

Pembroke Management LTD trimmed its stake in Axos Financial, Inc. (NYSE:AX) by 22.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 239,910 shares of the company’s stock after selling 68,989 shares during the quarter. Axos Financial makes up about 2.0% of Pembroke Management LTD’s investment portfolio, making the stock its 21st largest holding. Pembroke Management LTD’s holdings in Axos Financial were worth $15,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in Axos Financial during the 2nd quarter valued at $25,000. EntryPoint Capital LLC grew its position in Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after buying an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in Axos Financial during the 3rd quarter valued at about $27,000. Farther Finance Advisors LLC raised its position in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after buying an additional 582 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Axos Financial by 122.5% in the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock worth $49,000 after acquiring an additional 496 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.07% of the stock is owned by insiders.

Axos Financial Stock Down 2.8 %

Shares of Axos Financial stock opened at $65.85 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The firm has a market capitalization of $3.75 billion, a PE ratio of 7.97 and a beta of 1.39. The stock’s fifty day moving average is $64.88 and its 200-day moving average is $61.57.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 19.47%. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities analysts anticipate that Axos Financial, Inc. will post 7.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AX. Needham & Company LLC raised their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James upped their price objective on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush decreased their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Piper Sandler boosted their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.80.

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.