Emerald Advisers LLC Sells 26,424 Shares of Axos Financial, Inc. (NYSE:AX)

Emerald Advisers LLC lowered its position in Axos Financial, Inc. (NYSE:AX) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 479,120 shares of the company’s stock after selling 26,424 shares during the quarter. Axos Financial comprises approximately 1.3% of Emerald Advisers LLC’s portfolio, making the stock its 20th largest holding. Emerald Advisers LLC owned approximately 0.84% of Axos Financial worth $33,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Axos Financial during the third quarter valued at about $800,000. Natixis Advisors LLC raised its stake in Axos Financial by 14.9% in the third quarter. Natixis Advisors LLC now owns 21,030 shares of the company’s stock worth $1,322,000 after buying an additional 2,727 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Axos Financial during the third quarter valued at approximately $1,641,000. Advisors Asset Management Inc. increased its stake in shares of Axos Financial by 33.9% during the third quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company’s stock valued at $123,000 after purchasing an additional 496 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Axos Financial by 74.0% during the third quarter. Intech Investment Management LLC now owns 27,441 shares of the company’s stock valued at $1,725,000 after purchasing an additional 11,674 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

AX has been the topic of a number of recent analyst reports. DA Davidson cut their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Finally, 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 note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Stock Performance

NYSE AX opened at $64.02 on Friday. The stock has a 50-day simple moving average of $68.12 and a two-hundred day simple moving average of $69.99. The firm has a market capitalization of $3.66 billion, a P/E ratio of 8.60 and a beta of 1.45. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last announced its quarterly 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%. On average, equities analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial Profile

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.