Axos Financial, Inc. (NYSE:AX) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in Axos Financial, Inc. (NYSE:AX – Get Rating) by 378.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,968 shares of the company’s stock after acquiring an additional 15,000 shares during the period. First Eagle Investment Management LLC’s holdings in Axos Financial were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its position in Axos Financial by 0.5% during the 3rd quarter. BlackRock Inc. now owns 8,660,353 shares of the company’s stock valued at $446,354,000 after purchasing an additional 43,120 shares during the period. Wasatch Advisors Inc. boosted its position in Axos Financial by 10.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,920,237 shares of the company’s stock valued at $98,969,000 after purchasing an additional 176,193 shares during the period. Epoch Investment Partners Inc. boosted its position in Axos Financial by 0.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,071,424 shares of the company’s stock valued at $55,222,000 after purchasing an additional 5,057 shares during the period. Geode Capital Management LLC boosted its position in Axos Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 925,066 shares of the company’s stock valued at $47,677,000 after purchasing an additional 14,564 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Axos Financial by 6.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 753,510 shares of the company’s stock valued at $38,836,000 after purchasing an additional 42,946 shares during the period. Institutional investors own 77.12% of the company’s stock.

In other news, EVP Thomas M. Constantine sold 1,421 shares of the company’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $54.18, for a total value of $76,989.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian D. Swanson sold 3,699 shares of the company’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $48.90, for a total value of $180,881.10. The disclosure for this sale can be found here. Corporate insiders own 4.73% of the company’s stock.

A number of research firms recently issued reports on AX. B. Riley reduced their price objective on Axos Financial from $62.00 to $58.00 in a research report on Tuesday, April 12th. Zacks Investment Research downgraded Axos Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Piper Sandler cut their target price on Axos Financial from $62.00 to $50.00 in a research note on Friday, April 29th.

Axos Financial stock traded up $0.57 during mid-day trading on Friday, hitting $35.62. 253,135 shares of the company’s stock traded hands, compared to its average volume of 375,424. The firm has a 50 day moving average price of $43.07 and a 200 day moving average price of $51.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.13 billion, a PE ratio of 9.42 and a beta of 1.46. Axos Financial, Inc. has a one year low of $34.11 and a one year high of $62.44.

Axos Financial (NYSE:AX – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. Axos Financial had a return on equity of 16.50% and a net margin of 31.52%. The firm had revenue of $178.31 million for the quarter, compared to the consensus estimate of $176.90 million. During the same quarter in the previous year, the business earned $0.92 EPS. On average, analysts expect that Axos Financial, Inc. will post 4.09 earnings per share for the current fiscal year.

About Axos Financial (Get Rating)

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

Read More