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

UBS Group AG lessened its position in shares of Axos Financial, Inc (NYSE:AX) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 256,224 shares of the company’s stock after selling 11,088 shares during the quarter. UBS Group AG’s holdings in Axos Financial were worth $22,076,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in Axos Financial by 59.6% in the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Axos Financial during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares during the last quarter. Salomon & Ludwin LLC increased its position in shares of Axos Financial by 43.2% during the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Axos Financial in the 3rd quarter worth approximately $40,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

AX has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Monday, March 16th. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. Finally, Zacks Research downgraded Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.40.

Axos Financial Trading Down 1.8%

Axos Financial stock opened at $85.40 on Tuesday. Axos Financial, Inc has a 12-month low of $67.50 and a 12-month high of $101.92. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.38 and a beta of 1.30. The firm has a 50 day moving average of $89.20 and a 200 day moving average of $88.39. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million for 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 period in the prior year, the firm earned $1.81 EPS. As a group, research analysts predict that Axos Financial, Inc will post 8.57 earnings per share for the current year.

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.