Fieldview Capital Management LLC Reduces Holdings in Axos Financial, Inc $AX

Fieldview Capital Management LLC cut its stake in shares of Axos Financial, Inc (NYSE:AX) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,960 shares of the company’s stock after selling 9,352 shares during the quarter. Fieldview Capital Management LLC owned 0.06% of Axos Financial worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new stake in Axos Financial during the 4th quarter valued at about $26,000. Basepoint Wealth LLC purchased a new stake in Axos Financial during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. purchased a new stake in Axos Financial during the 3rd quarter valued at about $29,000. Bessemer Group Inc. boosted its holdings in Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the period. Finally, Torren Management LLC purchased a new stake in Axos Financial during the 4th quarter valued at about $36,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares in the company, valued at $384,671.84. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 1.0%

NYSE AX opened at $90.21 on Friday. Axos Financial, Inc has a fifty-two week low of $69.25 and a fifty-two week high of $101.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day simple moving average of $89.69 and a two-hundred day simple moving average of $89.51. The stock has a market cap of $5.13 billion, a P/E ratio of 10.96 and a beta of 1.24.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The business had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. During the same quarter last year, the business posted $1.81 EPS. On average, analysts forecast that Axos Financial, Inc will post 8.49 earnings per share for the current year.

Wall Street Analyst Weigh In

AX has been the subject of several analyst reports. Weiss Ratings cut Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Axos Financial in a report on Monday, March 16th. Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $110.00 to $100.00 in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.