NFJ Investment Group LLC Lowers Holdings in Axos Financial, Inc. (NYSE:AX)

NFJ Investment Group LLC decreased its position in shares of Axos Financial, Inc. (NYSE:AX) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,559 shares of the company’s stock after selling 314 shares during the quarter. NFJ Investment Group LLC’s holdings in Axos Financial were worth $1,785,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AX. Heck Capital Advisors LLC bought a new stake in Axos Financial during the 4th quarter valued at $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth $52,000. R Squared Ltd bought a new stake in Axos Financial during the fourth quarter valued at about $66,000. SRS Capital Advisors Inc. raised its holdings in Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after purchasing an additional 773 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Axos Financial by 206.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock worth $88,000 after purchasing an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AX. Keefe, Bruyette & Woods cut their price objective on shares of 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. Raymond James reaffirmed 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. Needham & Company LLC increased their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, DA Davidson lowered their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Stock Performance

Shares of AX opened at $60.21 on Friday. The stock has a 50-day moving average of $63.91 and a two-hundred day moving average of $69.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $3.44 billion, a P/E ratio of 8.09 and a beta of 1.33. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating 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%. As a group, research analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.07% of the company’s stock.

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.