Fieldview Capital Management LLC Sells 9,352 Shares of Axos Financial, Inc $AX

Fieldview Capital Management LLC lessened its stake in shares of Axos Financial, Inc (NYSE:AX) by 20.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,960 shares of the company’s stock after selling 9,352 shares during the period. Fieldview Capital Management LLC’s holdings in Axos Financial were worth $3,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC increased its position in Axos Financial by 3.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after buying an additional 113 shares in the last quarter. Bessemer Group Inc. increased its position 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 buying an additional 130 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Axos Financial by 0.9% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock valued at $1,281,000 after buying an additional 132 shares in the last quarter. Salomon & Ludwin LLC increased its position in Axos Financial by 43.2% during the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Axos Financial by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after buying an additional 141 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Up 1.0%

Axos Financial stock opened at $90.21 on Friday. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 10.96 and a beta of 1.24. The stock has a fifty day simple moving average of $89.69 and a two-hundred day simple moving average of $89.51. Axos Financial, Inc has a 12 month low of $69.25 and a 12 month high of $101.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38.

Axos Financial (NYSE:AX) last posted its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The business had revenue of $392.25 million during the quarter, compared to the consensus estimate of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same period in the previous year, the business posted $1.81 EPS. Equities analysts predict that Axos Financial, Inc will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction 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 sale, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction on Friday, May 8th. The stock was sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director directly owned 7,646 shares of the company’s stock, valued at $671,089.42. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AX. Zacks Research lowered Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $110.00 to $100.00 in a report on Tuesday, April 7th. Weiss Ratings lowered Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average target price of $109.40.

About Axos Financial

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.