Janus Henderson Group PLC Cuts Position in Axos Financial, Inc $AX

Janus Henderson Group PLC trimmed its stake in Axos Financial, Inc (NYSE:AX) by 53.1% in the 1st quarter, HoldingsChannel reports. The fund owned 23,907 shares of the company’s stock after selling 27,115 shares during the quarter. Janus Henderson Group PLC’s holdings in Axos Financial were worth $2,036,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after acquiring an additional 13,669 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axos Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after purchasing an additional 7,509 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after purchasing an additional 62,269 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Axos Financial by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Axos Financial by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock worth $62,171,000 after buying an additional 52,250 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares of the company’s stock, valued at $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is owned by company insiders.

Axos Financial Stock Down 1.7%

Axos Financial stock opened at $100.18 on Friday. The business’s 50-day moving average price is $94.99 and its 200 day moving average price is $92.21. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 11.83 and a beta of 1.22. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AX. Benchmark began coverage on Axos Financial in a report on Wednesday, July 8th. They issued a “buy” rating and a $115.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Needham & Company LLC lifted their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, DA Davidson set a $121.00 target price on Axos Financial in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $114.83.

Axos Financial 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.