UBS Group AG Sells 11,088 Shares of Axos Financial, Inc $AX

UBS Group AG reduced its holdings in shares of Axos Financial, Inc (NYSE:AX) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,224 shares of the company’s stock after selling 11,088 shares during the period. UBS Group AG owned 0.45% of Axos Financial worth $22,076,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Axos Financial by 4.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,382 shares of the company’s stock valued at $286,000 after purchasing an additional 130 shares during the last quarter. Bessemer Group Inc. raised its stake 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 buying an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Axos Financial by 3.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock valued at $329,000 after buying an additional 131 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Axos Financial by 43.2% in the fourth quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Axos Financial by 1.8% in the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $85.40 on Tuesday. Axos Financial, Inc has a one year low of $67.50 and a one year high of $101.92. The stock has a 50-day moving average of $89.20 and a 200 day moving average of $88.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.38 and a beta of 1.30.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The company had revenue of $392.25 million for the quarter, compared to analysts’ expectations of $372.51 million. During the same period in the previous year, the business earned $1.81 EPS. On average, sell-side analysts forecast that Axos Financial, Inc will post 8.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AX shares. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. Jefferies Financial Group increased their price target on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Axos Financial currently has a consensus 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.