TCW Group Inc. Sells 40,600 Shares of Axos Financial, Inc. (NYSE:AX)

TCW Group Inc. lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 24.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 122,800 shares of the company’s stock after selling 40,600 shares during the period. TCW Group Inc. owned approximately 0.22% of Axos Financial worth $8,578,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AX. Raymond James & Associates raised its stake in shares of Axos Financial by 29.7% in the third quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after purchasing an additional 25,158 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Axos Financial by 2.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the company’s stock valued at $1,647,000 after buying an additional 700 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Axos Financial by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,226 shares of the company’s stock valued at $1,376,000 after buying an additional 431 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Axos Financial by 3.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 30,883 shares of the company’s stock valued at $1,941,000 after buying an additional 1,115 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Axos Financial by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 42,847 shares of the company’s stock worth $2,694,000 after acquiring an additional 348 shares during the period. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AX. Needham & Company LLC increased their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Trading Down 3.2 %

AX stock opened at $66.02 on Monday. The business has a fifty day moving average price of $70.91 and a 200 day moving average price of $70.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.87 and a beta of 1.45.

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