Axos Financial, Inc $AX Shares Sold by Horizon Investments LLC

Horizon Investments LLC lessened its stake in Axos Financial, Inc (NYSE:AX) by 95.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,030 shares of the company’s stock after selling 22,566 shares during the period. Horizon Investments LLC’s holdings in Axos Financial were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AX. Franklin Resources Inc. lifted its holdings in shares of Axos Financial by 198.0% in the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after buying an additional 275,191 shares during the period. UBS Group AG increased its stake in shares of Axos Financial by 65.7% in the 3rd quarter. UBS Group AG now owns 267,312 shares of the company’s stock valued at $22,628,000 after purchasing an additional 106,003 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Axos Financial in the 2nd quarter valued at about $6,252,000. Wellington Management Group LLP increased its stake in shares of Axos Financial by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 445,412 shares of the company’s stock valued at $37,704,000 after purchasing an additional 68,346 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Axos Financial by 34.6% in the 2nd quarter. AQR Capital Management LLC now owns 235,766 shares of the company’s stock valued at $17,928,000 after purchasing an additional 60,620 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AX. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a research note on Monday, March 16th. Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, January 30th. Finally, Zacks Research lowered Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average price target of $109.40.

Axos Financial Price Performance

AX stock opened at $87.03 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $89.57 and a 200-day simple moving average of $88.28. The firm has a market capitalization of $4.95 billion, a PE ratio of 10.57 and a beta of 1.30. Axos Financial, Inc has a 1 year low of $67.50 and a 1 year high of $101.92.

Axos Financial (NYSE:AX) last posted 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). The company had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter last year, the company earned $1.81 earnings per share. Equities research analysts anticipate that Axos Financial, Inc will post 8.57 earnings per share for the current fiscal year.

Axos Financial Company 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.