Axos Financial, Inc. (NYSE:AX) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its holdings in Axos Financial, Inc. (NYSE:AX) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,524 shares of the company’s stock after selling 6,617 shares during the quarter. Brandywine Global Investment Management LLC owned 0.25% of Axos Financial worth $10,165,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AX. New Age Alpha Advisors LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth approximately $3,606,000. JPMorgan Chase & Co. increased its position in shares of Axos Financial by 45.8% in the fourth quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company’s stock valued at $28,680,000 after buying an additional 128,932 shares in the last quarter. Advantage Alpha Capital Partners LP increased its position in shares of Axos Financial by 12.8% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 8,471 shares of the company’s stock valued at $592,000 after buying an additional 961 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Axos Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock worth $428,153,000 after buying an additional 49,695 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Axos Financial in the 4th quarter worth about $1,055,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Up 1.7 %

Shares of Axos Financial stock opened at $64.64 on Tuesday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The business’s fifty day moving average is $67.51 and its two-hundred day moving average is $70.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.69 billion, a PE ratio of 8.69 and a beta of 1.45.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, 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 filing with the SEC, which is available at this hyperlink. 5.07% of the stock is owned by insiders.

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.