Nuveen Asset Management LLC Has $15.63 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Nuveen Asset Management LLC decreased its stake in shares of Axos Financial, Inc. (NYSE:AX – Get Rating) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,720 shares of the company’s stock after selling 6,226 shares during the quarter. Nuveen Asset Management LLC’s holdings in Axos Financial were worth $15,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AX. Basswood Capital Management L.L.C. acquired a new position in Axos Financial during the second quarter worth approximately $19,338,000. CCG Wealth Management LLC acquired a new stake in Axos Financial during the 3rd quarter valued at $11,989,000. Renaissance Technologies LLC bought a new position in Axos Financial during the second quarter worth $6,120,000. State Street Corp increased its holdings in shares of Axos Financial by 8.5% in the first quarter. State Street Corp now owns 2,169,986 shares of the company’s stock valued at $100,666,000 after purchasing an additional 170,470 shares during the last quarter. Finally, Jarislowsky Fraser Ltd raised its position in shares of Axos Financial by 27.9% in the third quarter. Jarislowsky Fraser Ltd now owns 781,979 shares of the company’s stock valued at $26,767,000 after purchasing an additional 170,348 shares during the period. Institutional investors own 76.97% of the company’s stock.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $48.02, for a total transaction of $480,200.00. Following the sale, the executive vice president now owns 514,689 shares in the company, valued at approximately $24,715,365.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Axos Financial news, EVP Andrew J. Micheletti sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the transaction, the executive vice president now owns 524,689 shares of the company’s stock, valued at $25,137,849.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew J. Micheletti sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $48.02, for a total transaction of $480,200.00. Following the completion of the sale, the executive vice president now owns 514,689 shares in the company, valued at $24,715,365.78. The disclosure for this sale can be found here. Insiders own 4.81% of the company’s stock.

Axos Financial Trading Up 2.5 %

Shares of AX stock opened at $47.44 on Monday. The stock has a market cap of $2.85 billion, a P/E ratio of 11.03 and a beta of 1.46. Axos Financial, Inc. has a 1 year low of $33.91 and a 1 year high of $51.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $44.39 and a 200 day simple moving average of $40.30.

Axos Financial (NYSE:AX – Get Rating) last released its earnings results on Thursday, January 26th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. Axos Financial had a return on equity of 16.49% and a net margin of 28.47%. The firm had revenue of $228.24 million during the quarter, compared to the consensus estimate of $217.27 million. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was up 29.4% compared to the same quarter last year. On average, research analysts predict that Axos Financial, Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AX. Wedbush lifted their target price on shares of Axos Financial from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, January 30th. Piper Sandler upped their target price on Axos Financial from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, January 27th. Finally, Raymond James cut Axos Financial from a “strong-buy” rating to an “outperform” rating and set a $55.00 price target for the company. in a report on Tuesday, February 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

About Axos Financial

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Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.