TCW Group Inc. Has $8.58 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

TCW Group Inc. decreased its position in Axos Financial, Inc. (NYSE:AX) by 24.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 122,800 shares of the company’s stock after selling 40,600 shares during the quarter. TCW Group Inc.’s holdings in Axos Financial were worth $8,578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AX. Hancock Whitney Corp boosted its stake in shares of Axos Financial by 1.3% in the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock valued at $687,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Axos Financial by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after acquiring an additional 162 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Axos Financial by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock worth $3,012,000 after acquiring an additional 279 shares during the period. Amalgamated Bank raised its position in shares of Axos Financial by 2.1% during the 3rd quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock valued at $1,003,000 after acquiring an additional 322 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Axos Financial by 34.2% during the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company’s stock valued at $92,000 after acquiring an additional 336 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of AX opened at $66.02 on Monday. The firm has a market cap of $3.77 billion, a P/E ratio of 8.87 and a beta of 1.45. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $70.91 and its two-hundred day moving average price is $70.24.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AX has been the topic of several recent research reports. Needham & Company LLC raised their price target on 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 reduced their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. DA Davidson reduced their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Company 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.