First Eagle Investment Management LLC Trims Holdings in Axos Financial, Inc. (NYSE:AX)

First Eagle Investment Management LLC reduced its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,772 shares of the company’s stock after selling 3,600 shares during the period. First Eagle Investment Management LLC owned about 0.35% of Axos Financial worth $14,094,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AX. Hancock Whitney Corp boosted its stake in Axos Financial by 1.3% during the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares during the period. Crossmark Global Holdings Inc. increased its position in Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after buying an additional 162 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock worth $2,090,000 after buying an additional 196 shares in the last quarter. Versor Investments LP grew its position in shares of Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after purchasing an additional 200 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Axos Financial by 2.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock valued at $948,000 after purchasing an additional 266 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.07% of the stock is owned by corporate insiders.

Axos Financial Price Performance

Shares of NYSE:AX opened at $63.94 on Friday. 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’s fifty day moving average is $68.76 and its two-hundred day moving average is $70.18. The company has a market cap of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

Wall Street Analysts Forecast Growth

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

About Axos Financial

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.