Pembroke Management LTD Sells 5,491 Shares of Axos Financial, Inc $AX

Pembroke Management LTD decreased its holdings in Axos Financial, Inc (NYSE:AX) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 261,492 shares of the company’s stock after selling 5,491 shares during the period. Axos Financial makes up approximately 2.2% of Pembroke Management LTD’s investment portfolio, making the stock its 20th biggest position. Pembroke Management LTD’s holdings in Axos Financial were worth $22,135,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AX. Salomon & Ludwin LLC bought a new stake in Axos Financial in the third quarter worth $26,000. True Wealth Design LLC increased its holdings in shares of Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after buying an additional 237 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after acquiring an additional 333 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company’s stock valued at $37,000 after acquiring an additional 386 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Axos Financial during the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of AX stock opened at $94.60 on Friday. The stock has a fifty day moving average of $85.49 and a 200 day moving average of $85.33. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $95.81. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 12.66 and a beta of 1.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. The business had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. During the same period in the previous year, the firm earned $1.96 EPS. As a group, research analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 2,145 shares of Axos Financial stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $84.59, for a total transaction of $181,445.55. Following the sale, the director directly owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. The trade was a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $86.23, for a total value of $184,963.35. Following the transaction, the director owned 12,919 shares in the company, valued at $1,114,005.37. This trade represents a 14.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on AX shares. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. Needham & Company LLC restated a “buy” rating and issued a $107.00 target price on shares of Axos Financial in a report on Friday. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. DA Davidson increased their price target on shares of Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $97.42.

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.