Axos Financial, Inc. (NYSE:AX) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,935 shares of the company’s stock after selling 936 shares during the quarter. D.A. Davidson & CO.’s holdings in Axos Financial were worth $1,672,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AX. Principal Financial Group Inc. raised its position in shares of Axos Financial by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after buying an additional 17,201 shares during the period. Csenge Advisory Group raised its position in shares of Axos Financial by 55.1% in the 4th quarter. Csenge Advisory Group now owns 6,329 shares of the company’s stock worth $442,000 after buying an additional 2,248 shares during the period. New York State Teachers Retirement System raised its position in shares of Axos Financial by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock worth $3,012,000 after buying an additional 279 shares during the period. Van ECK Associates Corp purchased a new position in shares of Axos Financial in the 4th quarter worth $3,349,000. Finally, Empowered Funds LLC raised its position in shares of Axos Financial by 28.2% in the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock worth $1,139,000 after buying an additional 3,588 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Down 3.2 %

Shares of Axos Financial stock opened at $66.02 on Friday. The business has a 50-day moving average of $70.91 and a 200-day moving average of $70.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $3.77 billion, a PE ratio of 8.87 and a beta of 1.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AX. DA Davidson cut their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC raised their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.17.

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.