Quantbot Technologies LP Decreases Position in Axos Financial, Inc $AX

Quantbot Technologies LP trimmed its stake in Axos Financial, Inc (NYSE:AX) by 27.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,154 shares of the company’s stock after selling 7,883 shares during the period. Quantbot Technologies LP’s holdings in Axos Financial were worth $1,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in Axos Financial during the 3rd quarter valued at $26,000. Bessemer Group Inc. increased its position in Axos Financial by 59.6% during the third 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 last quarter. True Wealth Design LLC raised its stake 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 valued at $33,000 after acquiring an additional 237 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Axos Financial by 294.7% in the second 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 period. Finally, Root Financial Partners LLC bought a new stake in shares of Axos Financial in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AX shares. DA Davidson increased their price target on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Jefferies Financial Group boosted their target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a research note on Friday, February 13th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $104.50.

Insider Activity at Axos Financial

In other news, Director Tamara N. Bohlig sold 2,145 shares of Axos Financial stock in a transaction 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 directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. This trade represents a 14.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 2,145 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,593 shares of company stock valued at $6,274,883 over the last quarter. 4.85% of the stock is owned by insiders.

Axos Financial Stock Up 0.2%

NYSE:AX opened at $90.16 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $101.92. The company has a 50-day moving average of $93.37 and a 200 day moving average of $87.66. The firm has a market cap of $5.11 billion, a PE ratio of 11.43 and a beta of 1.27.

Axos Financial (NYSE:AX) last posted its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million for the quarter, compared to the consensus estimate of $345.89 million. During the same quarter last year, the firm posted $1.82 EPS. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, research analysts anticipate that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

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.