Axos Financial, Inc. (NYSE:AX) Position Lowered by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its stake in shares of Axos Financial, Inc. (NYSE:AX) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 699,900 shares of the company’s stock after selling 8,620 shares during the period. Geneva Capital Management LLC owned about 1.23% of Axos Financial worth $48,888,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in Axos Financial in the fourth quarter worth about $35,000. Farther Finance Advisors LLC lifted its holdings in Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Axos Financial in the third quarter worth about $41,000. Kestra Investment Management LLC bought a new position in Axos Financial in the fourth quarter worth about $52,000. Finally, R Squared Ltd bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $66,000. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AX. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Axos Financial has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Insider Activity

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Price Performance

Shares of NYSE:AX opened at $64.42 on Thursday. The company’s fifty day moving average is $69.83 and its two-hundred day moving average is $70.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a market cap of $3.68 billion, a P/E ratio of 8.66 and a beta of 1.45.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Equities analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Axos Financial Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.